Kanishka NaikFeb 25

Alternative credit scoring extends financial access to people without formal credit histories using non-traditional data.

#CreditAccess #InclusiveFinance

Yonhap Infomax NewsFeb 19
KB Kookmin Bank will launch a proxy service allowing customers to request interest rate reductions on loans from other banks via MyData, streamlining the process and aiming to lower borrowing costs.
#YonhapInfomax #KBKookminBank #InterestRateReduction #MyData #FinancialServicesCommission #InclusiveFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105820
KB Kookmin Bank to Facilitate Interest Rate Reduction Requests for Loans at Other Banks

KB Kookmin Bank will launch a proxy service allowing customers to request interest rate reductions on loans from other banks via MyData, streamlining the process and aiming to lower borrowing costs.

Yonhap Infomax
Yonhap Infomax NewsFeb 11
Shinhan Financial Group has finalized a 20 trillion won ($15 billion) roadmap for 'productive finance' in 2026, targeting AI, advanced manufacturing, and inclusive finance, as part of efforts to drive sustainable growth and support South Korea's capital markets.
#YonhapInfomax #ShinhanFinancialGroup #ProductiveFinance #20TrillionWon #InclusiveFinance #CapitalMarkets #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104998
Shinhan Financial Group Accelerates 'Productive Finance' Drive—Finalizes 20 Trillion Won Execution Roadmap

Shinhan Financial Group has finalized a 20 trillion won ($15 billion) roadmap for 'productive finance' in 2026, targeting AI, advanced manufacturing, and inclusive finance, as part of efforts to drive sustainable growth and support South Korea's capital markets.

Yonhap Infomax
Yonhap Infomax NewsJan 28
Shinhan Bank will write off 2.7 billion won in special loans to help low-income and vulnerable groups regain access to financial services, supporting 3,395 individuals excluded from previous relief programs.
#YonhapInfomax #ShinhanBank #SpecialLoans #DebtRelief #InclusiveFinance #VulnerableGroups #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=102397
Shinhan Bank to Write Off 2.7 Billion Won in Special Loans to Support Financial Recovery for Low-Income and Vulnerable Groups

Shinhan Bank will write off 2.7 billion won in special loans to help low-income and vulnerable groups regain access to financial services, supporting 3,395 individuals excluded from previous relief programs.

Yonhap Infomax
Yonhap Infomax NewsJan 23
NH NongHyup Bank will write off 15.2 billion won ($11.4 million) in debts for over 4,000 agricultural and fisheries borrowers in H1 2026, advancing inclusive finance and digital transformation initiatives.
#YonhapInfomax #NHNongHyupBank #LossCompensationFund #DebtWriteOff #InclusiveFinance #AgricultureFisheries #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101718
NH NongHyup Bank to Write Off Debts for 4,000 Agricultural and Fisheries Borrowers via Loss Compensation Fund—Accelerates Push for Inclusive Finance

NH NongHyup Bank will write off 15.2 billion won ($11.4 million) in debts for over 4,000 agricultural and fisheries borrowers in H1 2026, advancing inclusive finance and digital transformation initiatives.

Yonhap Infomax
Yonhap Infomax NewsJan 19
Shinhan Bank will provide KRW 15.1 trillion ($11.4 billion) in loans and extensions to SMEs ahead of Lunar New Year, offering preferential rates and inclusive finance programs to ease liquidity pressures.
#YonhapInfomax #ShinhanBank #SMEFinancing #InclusiveFinance #LunarNewYear #KRW15Trillion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=100497
Shinhan Bank to Provide KRW 15 Trillion in Financing to SMEs Ahead of Lunar New Year

Shinhan Bank will provide KRW 15.1 trillion ($11.4 billion) in loans and extensions to SMEs ahead of Lunar New Year, offering preferential rates and inclusive finance programs to ease liquidity pressures.

Yonhap Infomax
Yonhap Infomax NewsJan 16
NH NongHyup Bank will launch special preferential rates of up to 0.3 percentage points on mortgage and jeonse loans next week, aiming to ease interest burdens for consumers despite an upcoming rate adjustment reflecting higher costs.
#YonhapInfomax #NHNongHyupBank #PreferentialRates #InclusiveFinance #MortgageLoans #InterestRateBurden #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=100276
NH NongHyup Bank Introduces Special Preferential Rates for Inclusive Finance Next Week – 'Easing Interest Rate Burden'

NH NongHyup Bank will launch special preferential rates of up to 0.3 percentage points on mortgage and jeonse loans next week, aiming to ease interest burdens for consumers despite an upcoming rate adjustment reflecting higher costs.

Yonhap Infomax
Yonhap Infomax NewsJan 8
South Korea’s top five financial groups unveiled 70 trillion won ($53 billion) in inclusive finance plans through 2030, with the FSC offering mixed reviews and highlighting standout initiatives such as KB’s non-bank refinancing and Hana’s Sunshine Loan cashback program.
#YonhapInfomax #InclusiveFinance #FinancialServicesCommission #KBFinancialGroup #SunshineLoan #InterestRateReduction #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98906
FSC Delivers Mixed Reviews on Inclusive Finance Initiatives by Major Financial Groups—Who Earned Praise?

South Korea’s top five financial groups unveiled 70 trillion won ($53 billion) in inclusive finance plans through 2030, with the FSC offering mixed reviews and highlighting standout initiatives such as KB’s non-bank refinancing and Hana’s Sunshine Loan cashback program.

Yonhap Infomax
Yonhap Infomax NewsJan 2
Kim In, Chairman of the National Credit Union Federation of Korea, announced a strategy focused on strengthening risk management and diversifying revenue streams to ensure financial soundness amid economic headwinds.
#YonhapInfomax #NationalCreditUnionFederationOfKorea #RiskManagement #RevenueDiversification #FinancialSoundness #InclusiveFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98130
[New Year's Address]Kim In, Chairman of National Credit Union Federation of Korea, Vows to Strengthen Risk Management with Focus on Soundness

Kim In, Chairman of the National Credit Union Federation of Korea, announced a strategy focused on strengthening risk management and diversifying revenue streams to ensure financial soundness amid economic headwinds.

Yonhap Infomax
Yonhap Infomax NewsJan 1
South Korean banks have completed payment of KRW 360 billion ($275 million) to the Sae-Do-Yak Fund, covering over 80% of private sector contributions to support vulnerable groups and promote social integration.
#YonhapInfomax #SaeDoYakFund #KoreaFederationOfBanks #InclusiveFinance #DebtRestructuring #KRW360Billion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97972
Banks Complete Payment of KRW 360 Billion Contribution to Sae-Do-Yak Fund

South Korean banks have completed payment of KRW 360 billion ($275 million) to the Sae-Do-Yak Fund, covering over 80% of private sector contributions to support vulnerable groups and promote social integration.

Yonhap Infomax