Finance

Four major banks offer financial aid for southern region flood victims, loans up to 500 million won

South Korea’s four major banks are providing emergency financial support for customers affected by heavy rain in the country’s southern region. The banks will offer loans of up to 50 million won for individual customers, with limits varying by bank. They will also provide working capital and facility loans of up to 500 million won for small and medium-sized firms, small merchants and individual business owners, and apply preferential interest rate discounts on working capital loans.

Finance

Toss Place signs MOU with Karrot to link store promotion with orders and payments

Toss Place, Toss’s payment terminal and POS solution unit, has signed a strategic business partnership agreement with local community platform Karrot to link online and offline channels. The two companies will connect Karrot’s online user base of about 20 million with Toss Place’s in-store payment infrastructure. The tie-up focuses on linking services across store promotion, ordering and payments, with integration starting from Karrot Biz Profile in Toss POS.