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Finance

Eight Percent pushes mutual finance linked investment to expand mid-rate loans

Eight Percent is pursuing linked investment with the mutual finance sector to expand the supply of mid-rate loans for borrowers with mid to low credit scores. The company aims to combine region-based funding from mutual finance groups with online investment-linked finance firms’ credit assessment capabilities. It plans to expand cooperation starting with local agricultural cooperatives, with its first linked investment product due in the second half of this year.

Finance

Supply chain reshuffle, tech rivalry deepen; call grows for more precise financial policy

Calls are growing to redefine the roles of policy finance and private finance and to change not only the scale of funding but also how it is allocated, as supply chain uncertainty and technology rivalry intensify. Speakers at a Seoul seminar said financial policy should be refined to support strategic industries, small manufacturers and early-stage innovators. They also cited the need to expand direct finance and venture capital, improve exit markets and strengthen expertise at financial institutions.

Finance

Household loans jump 9.3 trillion won in a month as regulators trigger emergency management

Household loans across South Korea’s financial sector rose 9.3 trillion won in May, sharply above April’s increase and a year earlier. Mortgage lending growth slowed, but other loans, including credit loans, swung to an increase and drove the overall rise. Regulators held a debt monitoring meeting and plan weekly checks on firms that miss management targets. Banks will pursue voluntary measures such as cutting new credit loan limits for high earners.