Kim Eun-kyoung, head of the Korea Inclusive Finance Agency, said a tentative \"financial ladder loan\" will be launched within three months. She said the agency will roll out a mid-interest-rate loan product involving the non-bank financial sector, while pursuing a consultative body with banks and holding parallel discussions with financial authorities. She stressed the need to bridge gaps between systems to improve access for lower-credit borrowers.

KB Kookmin Bank on Thursday launched the KB Kookmin Do-yak Loan, a refinancing product aimed at borrowers using credit loans from non-bank lenders. The bank said it revamped its Kookmin Hope Loan launched in 2023. Eligible applicants are customers who have used a non-bank credit loan for at least 6 months. The product has no income or tenure requirements and caps the maximum interest rate at 9.5 percent.