News
[Finance Focus] Sales of Loans to Mid-Low Credit Borrowers Surge 56%
3+ hour, 3+ min ago (857+ words) Businesskorea The Issue Raises Questions Over the Growing Cost of Inclusive Finance While the Lee Jae-myung administration has moved to expand inclusive finance, arguing that an excessive focus on financial soundness has deepened financial exclusion, a new question is emerging…...
Credit Card Loan Balances Hit Record 43 Trillion Won in March
1+ mon, 2+ week ago (442+ words) According to financial industry sources on April 22, regulators recently issued guidelines to credit card companies to manage the growth rate of household loans, including card loans, within a range of 1 to 1. 5 percent. This is less than half of last year's…...
The Paradox of Lending Restrictions
4+ mon, 5+ day ago (293+ words) Despite a series of stringent lending restrictions last year that raised the bar for borrowers, South Korea's top four financial holding groups are expected to post a record-high combined net profit exceeding 18 trillion won, or about $12. 26 billion. According to financial…...