Lower top rate
![A sign at the Korea Inclusive Finance Agency office in Jung District, Seoul, on Tuesday details the new maximum legal interest rate. From Wednesday, the maximum interest rate on loans will be 20 percent, down from 24 percent. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2021/07/06/bf4a5b3f-1d44-4e6b-af2f-3744b35324c4.jpg)
A sign at the Korea Inclusive Finance Agency office in Jung District, Seoul, on Tuesday details the new maximum legal interest rate. From Wednesday, the maximum interest rate on loans will be 20 percent, down from 24 percent. [YONHAP]
with the Korea JoongAng Daily
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