Yonhap Infomax NewsSep 25
Despite President Lee's criticism of high card loan rates for low-credit borrowers, South Korea's major card issuers continue to charge average rates above 15%, with the gap between prime and subprime borrowers widening amid tighter risk management and regulatory pressure.
#YonhapInfomax #CardLoanRates #LowCreditBorrowers #CreditFinanceAssociation #InterestRateGap #SouthKoreaCardIssuers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83351
Despite President Lee's Criticism, Card Loan Rates for Low-Credit Borrowers Remain Stubbornly Above 15%

Despite President Lee's criticism of high card loan rates for low-credit borrowers, South Korea's major card issuers continue to charge average rates above 15%, with the gap between prime and subprime borrowers widening amid tighter risk management and regulatory pressure.

Yonhap Infomax
Yonhap Infomax NewsJun 24, 2025
South Korea’s major card issuers cut card loan rates in May, responding to regulatory pressure and the new government’s push to ease financial burdens for low-income groups, as delinquency rates hit decade highs.
#YonhapInfomax #CardLoanRates #SamsungCard #DelinquencyRates #FinancialServicesCommission #LowIncomeBorrowers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68970
Card Companies Lower Card Loan Rates Amid Regulatory Pressure and New Government Policy Alignment

South Korea’s major card issuers cut card loan rates in May, responding to regulatory pressure and the new government’s push to ease financial burdens for low-income groups, as delinquency rates hit decade highs.

Yonhap Infomax