Shinhan Bank will launch a program in January 2025 that automatically applies part of customers’ interest payments to loan principal, easing burdens for small businesses and low-credit borrowers amid high rates.
#YonhapInfomax #ShinhanBank #InclusiveFinance #InterestPayments #LoanPrincipal #HighInterestRates #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97472

South Korean banks have identified 221 companies as at-risk in 2024, with the real estate sector leading at 38 firms, amid persistent high interest rates and rising financial stress among marginal companies.
#YonhapInfomax #AtRiskCompanies #FinancialSupervisoryService #RealEstateSector #HighInterestRates #CreditRiskAssessment #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=95925

Mohamed El-Erian, chief economic adviser at Allianz Group, warns that excessive debt and high interest rates are putting significant pressure on the US economy, especially among low-income households, with rising delinquencies and bankruptcies signaling broader risks.
#YonhapInfomax #ElErian #AllianzGroup #USDebt #HighInterestRates #LowIncomeHouseholds #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90825

Industrial Bank of Korea’s delinquency rate has surpassed 1% for the first time since the global financial crisis, with non-performing loan sales projected to exceed 1.7 trillion won ($1.27 billion) in 2024, reflecting mounting SME distress amid high interest rates and weak demand.
#YonhapInfomax #IndustrialBankOfKorea #DelinquencyRate #NonPerformingLoans #SMEs #HighInterestRates #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89962

South Korea’s Fair Trade Commission is investigating Myeongnyundang, operator of Myeongnyun Jinsagalbi, over allegations of illegal high-interest lending to franchisees, with lawmakers warning of potential industry-wide impact if unchecked.
#YonhapInfomax #FairTradeCommission #Myeongnyundang #IllegalLending #FranchiseBusinessAct #HighInterestRates #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85372

💼 Planning for Success? Federal grants can pave the way to your small business empire. 👑 #SuccessStories

Read more 👉 https://lttr.ai/ATTxJ

#SmallBusiness #RewardingEndeavor #AlternativeFunding #ApplicationProcess #BusinessGrowth #FinanceAndBusiness #WorkUnlikeLoans #EvaluationCriterionOutlined #HighInterestRates #MuchNeededFinancialBoost

#UK #MortgageArrears rose 9.2% in 2023 last quarter amid ‘surge in #BorrowingCosts’

#Mortgage balances with some arrears at highest value since late 2016, #BankOfEngland data shows
https://www.theguardian.com/business/2024/mar/12/uk-mortgage-arrears-rise-in-2023-last-quarter-amid-surge-in-borrowing-costs
#ToryPoliciesInAction #HighInterestRates

🌐 Connect, Collaborate, and Conquer! STTR grants for small businesses - revealed! 🚀 #Innovation

Read the full article: Federal Grants: Your Free Money Guide for Small Business Start-Ups
▸ https://lttr.ai/APl1V

#SmallBusiness #RewardingEndeavor #AlternativeFunding #ApplicationProcess #BusinessGrowth #FinanceAndBusiness #WorkUnlikeLoans #EvaluationCriterionOutlined #HighInterestRates #MuchNeededFinancialBoost

📚 Dive into the ABCs of Federal Grants and ignite your entrepreneurial journey! 🔥 #EntrepreneurTips

Read more 👉 https://lttr.ai/AMf9e

#SmallBusiness #RewardingEndeavor #AlternativeFunding #ApplicationProcess #BusinessGrowth #FinanceAndBusiness #WorkUnlikeLoans #EvaluationCriterionOutlined #HighInterestRates #MuchNeededFinancialBoost

📈 Boost Your Business with FREE Money! Federal grants can make it happen. 💸 #BusinessGrowth

Read more 👉 https://lttr.ai/ALuma

#SmallBusiness #RewardingEndeavor #AlternativeFunding #ApplicationProcess #BusinessGrowth #FinanceAndBusiness #WorkUnlikeLoans #EvaluationCriterionOutlined #HighInterestRates #MuchNeededFinancialBoost

🚀 Your Business Dreams Await! Explore the world of federal grants for small start-ups. 🌐 #GrantFunding

Read more 👉 https://lttr.ai/ALZ4o

#SmallBusiness #RewardingEndeavor #AlternativeFunding #ApplicationProcess #BusinessGrowth #FinanceAndBusiness #WorkUnlikeLoans #EvaluationCriterionOutlined #HighInterestRates #MuchNeededFinancialBoost

Federal Grants: Your Free Money Guide for Small Business Start-Ups: https://lttr.ai/ALWI2

#SmallBusiness #RewardingEndeavor #AlternativeFunding #ApplicationProcess #BusinessGrowth #FinanceAndBusiness #WorkUnlikeLoans #EvaluationCriterionOutlined #HighInterestRates #MuchNeededFinancialBoost

🌟 Unlock Funding Opportunities! Learn how federal grants can kickstart your small business in our latest blog. 💼 #SmallBusinessGrants

Read more 👉 https://lttr.ai/ALEPc

#SmallBusiness #RewardingEndeavor #AlternativeFunding #ApplicationProcess #BusinessGrowth #FinanceAndBusiness #WorkUnlikeLoans #EvaluationCriterionOutlined #HighInterestRates #MuchNeededFinancialBoost

The FSB's Small Business Index showed that 92% of small businesses said their costs were higher in Q1 of 2023 than in Q4 of 2022.

Read the full article: High Interest Rates And Inflation Still Challenging SMEs
▸ https://lttr.ai/AHWM8

#HighInterestRates #SmallBusinesses

Well Over A Million Key US #Workers Have #UnionLabor Contracts Expiring In 2023 Amid #Recession And #HighInterestRates Portending A Year Of Potential Strikes, Tough #Negotiations And Potential Economic Disruptions Over #PayRaises, #Retirement And #HealthBenefits

Sectors To Be Affected Include #Automakers, Health & #Childcare, #SupplyChain #Shipping, #TeleCom #PublicTransit etc

Major #Corporate Players With Hundreds Of Thousands Of Represented Employees Include #ups #GM #Kaiser #Safeway

https://news.bloomberglaw.com/daily-labor-report/expiring-labor-contracts-across-sectors-threaten-unrest-in-2023