Yonhap Infomax News4d ago
South Korea's government-driven inclusive finance push creates interest rate inversions as low-credit borrowers receive lower rates than prime customers, raising concerns about market distortions and banking sector soundness amid rising delinquency rates
#YonhapInfomax #InclusiveFinance #InterestRateInversion #LowCreditBorrowers #BankSoundness #DelinquencyRates #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120430
Inclusive Finance Distorts Interest Rates - Low-Credit Borrowers Pay Less Than Prime Customers

South Korea's government-driven inclusive finance push creates interest rate inversions as low-credit borrowers receive lower rates than prime customers, raising concerns about market distortions and banking sector soundness amid rising delinquency rates

Yonhap Infomax
Yonhap Infomax NewsMay 4
KB Kookmin Bank announces 1.53 trillion won mid-rate lending program, supplying 306.8 billion won in Q1 to low-credit borrowers, representing 48% of major banks' total as first response to government's inclusive finance push
#YonhapInfomax #KBKookminBank #MidRateLending #InclusiveFinance #LowCreditBorrowers #FinancialInclusion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=118810
KB Kookmin Bank Responds to Kim Yong-beom's 'Cruel Finance' Pressure with 1.5 Trillion Won Mid-Rate Lending

KB Kookmin Bank announces 1.53 trillion won mid-rate lending program, supplying 306.8 billion won in Q1 to low-credit borrowers, representing 48% of major banks' total as first response to government's inclusive finance push

Yonhap Infomax
Yonhap Infomax NewsApr 20
Industrial Bank of Korea appoints Yoo Il-kwang, a 30-year veteran with extensive experience in compliance, management support, and retail banking, as executive managing director to drive sustainable growth and align with government's inclusive finance policies.
#YonhapInfomax #IndustrialBankOfKorea #YooIlkwang #ExecutiveManagingDirector #RetailBanking #InclusiveFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=116359
Yonhap Infomax NewsApr 1
Samsung Life Insurance introduces premium support program offering 3% discounts on children's insurance and up to 12-month payment deferrals for customers on maternity and childcare leave, strengthening inclusive finance initiatives to ease financial burdens during temporary income reduction periods.
#YonhapInfomax #SamsungLife #MaternityLeave #PremiumDiscount #InclusiveFinance #ChildcareSupport #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=113119
Samsung Life Offers Premium Discounts, Payment Deferrals for Customers on Maternity, Childcare Leave

Samsung Life Insurance introduces premium support program offering 3% discounts on children's insurance and up to 12-month payment deferrals for customers on maternity and childcare leave, strengthening inclusive finance initiatives to ease financial burdens during temporary income reduction periods.

Yonhap Infomax
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