A boost for borrowers
A customer fills out documents for a mid-rate (6 percent to 10 percent) loan at Woori Bank’s Jung District branch, central Seoul, on Tuesday. A new loan program was officially launched in nine commercial banks in Korea on Tuesday. The Financial Services Commission introduced the program to help people with low credit ratings get loans with lower interest rates than offered by loan sharks. [NEWSIS]
with the Korea JoongAng Daily
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