South Korea's second-tier lenders are relieved as President-elect Lee Jae-myung omits a pledge to lower the legal lending rate cap, focusing instead on expanding low-interest refinancing and mid-rate loan support for small businesses.
#YonhapInfomax #LendingRateCap #LeeJaeMyung #SecondTierLenders #Refinancing #InternetOnlyBank #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=66001

Woori Bank joins fourth internet-only bank bid despite capital concerns, seen as strategic move to boost Woori Card's position amid fierce competition in financial sector
#YonhapInfomax #WooriBank #InternetOnlyBank #CapitalRatio #WooriCard #FinancialIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=57827

Korea SOHO Bank consortium announces plans for initial 300 billion won capital, targeting over 20% non-interest income and profitability in fourth year of operations
#YonhapInfomax #KoreaSOHOBank #NonInterestIncome #InternetOnlyBank #SmallBusinessOwners #SupplyChainFinancing #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56577

Four consortia apply for South Korea's fourth internet-only bank license, with Korea SOHO Bank emerging as frontrunner; FSC to announce results in June
#YonhapInfomax #InternetOnlyBank #FinancialServicesCommission #KoreaSohoBank #BankingLicense #FinTechInnovation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55850

BNK Busan Bank joins Korea SOHO Bank consortium in bid for fourth internet-only bank license, strengthening the consortium's position as a leading candidate amid competition withdrawal from major contenders.
#YonhapInfomax #BusanBank #KoreaSOHOBank #InternetOnlyBank #FinancialConsortium #SmallBusinessFinancing #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54970

NH Nonghyup Bank joins Korea SOHO Bank consortium for fourth internet-only bank license, alongside Woori Bank, as part of digital banking strategy
#YonhapInfomax #NHNonghyupBank #InternetOnlyBank #KoreaSOHOBank #Consortium #DigitalBanking #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53389