Naver Financial joined forces with Woori Bank to offer a loan service to small businesses that sell products online.
Major tech firms have started to competitively loan money to small business owners who used to be in a conventional finance blind spot.
Naver Financial launched a loan service Tuesday designed exclusively for small businesses that sell products online.
Naver Financial on Monday launched a new service that offers entrepreneurs financial tools and advice and connects them with loan services and government funds.
Naver Pay can now be used in offline locations, potentially shaking up the mobile payment market
Naver Financial hopes to use data and artificial intelligence (AI) to help small-and-medium-sized enterprises (SME) and people who can't borrow from traditional financial institutions because they don't have a credit history.
Naver Financial, a Naver subsidiary, on Monday introduced its account service in partnership with Mirae Asset Daewoo. In the form of cash management account (CMA), the new service provides up to 3 percent interest to savings under 1 million won.