Yonhap Infomax NewsDec 22
Woori Bank will cap personal loan rates at 7% from January, offering lower-cost credit to financially vulnerable groups and expanding inclusive finance initiatives.
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https://en.infomaxai.com/news/articleView.html?idxno=96622
Woori Bank Introduces 7% Cap on Personal Loan Rates

Woori Bank will cap personal loan rates at 7% from January, offering lower-cost credit to financially vulnerable groups and expanding inclusive finance initiatives.

Yonhap Infomax
Yonhap Infomax NewsMay 26, 2025
South Korea’s legal lending rate cut has eased interest burdens but now risks restricting credit access for low-income borrowers amid high rates and a slowing economy, with experts warning of increased reliance on illegal lenders and calling for flexible policy adjustments.
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#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64668
Financial Research Institute Warns Legal Lending Rate Cut May Restrict Access to Loans for Low-Income Borrowers—Calls for Further Discussion

South Korea’s legal lending rate cut has eased interest burdens but now risks restricting credit access for low-income borrowers amid high rates and a slowing economy, with experts warning of increased reliance on illegal lenders and calling for flexible policy adjustments.

Yonhap Infomax