Businesses pile up debt, except for manufacturers

Businesses borrowed a record amount to survive the coronavirus pandemic last year.

2021-03-03

Loan holidays are extended for another six months

Loan relief offered to small businesses hurt by the coronavirus pandemic will be extended for another six months, the country's financial authorities said Tuesday.

2021-03-02

Loan repayment holidays may be extended for 6 months

Suspension of loan principal and interest payments for small business and corner shops is being considered by the Financial Services Commission (FSC).

2021-02-15

KakaoBank promises more loans to those with poor credit

KakaoBank will increase loans to people with poor credit in the latter half of the year.

2021-02-02

Data harvesting plus weak credit equals high rate loans

Major tech firms have started to competitively loan money to small business owners who used to be in a conventional finance blind spot.

2021-01-22

Banks support chips

Financial Services Commission Chairman Eun Sung-soo, far right, tours the SK hynix plant in Icheon, Gyeonggi, on Tuesday, along with the heads of state-run banks.

2021-01-19

Try again next year

A Shinhan Bank employee works at a branch in Seoul on Wednesday.

2020-12-23

Kakao Bank stops accepting overdraft applications

Kakao Bank on Thursday announced a temporary halt in the opening of overdraft accounts as major banks limit individual credit lines due to concern about rapidly increasing household debt.

2020-12-17

Newlyweds feel the pinch of rising real estate prices

The number of newlyweds that owned homes in 2019 decreased compared to a year earlier, and the amount of their outstanding loans increased — showing the impact of rising real estate prices.

2020-12-12

Borrowing frenzy in November on scramble for property and IPOs

Bank lending to households hit a record last month on a rush ahead of tighter unsecured loan restrictions and as money was secured by those fearing more pandemic-related uncertainty.

2020-12-09

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