[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
Health services disrupted as mass walkout by trainee doctors approaches deadline
[Today’s K-pop] Karina of aespa is dating actor Lee Jae-wook: report
South Korea’s fertility rate drops to new low
[Chung Chan-seung] The collapse of trust: South Korea's true health care crisis
Russia sending North Korea food in return for arms: Seoul defense chief
[Herald Interview] Rival heir to Kim Ju-ae unlikely to appear: unification minister
Yoon says 2,000 increase in med school quota non-negotiable
Why Cha Eun-woo’s name keeps popping up in politics
Legality issues linger as nurses fill treatment void Tuesday
KakaoBank launches task force to beef up lendingBy Kim Young-won
Published : June 3, 2021 - 16:57
Online-only KakaoBank has launched a task force to expand its lending services for customers with low and midrange credit scores, the company said Thursday.
The bank is planning to roll out various loan services this year, lower interest rates for credit loans and increase credit lines, offering up to 70 million won ($62,927) for customers with low and midrange credit scores.
In addition, its new credit rating model will factor in both financial and nonfinancial information, such as data on customers’ mobile subscriptions, to better assess solvency.
The bank, a subsidiary of mobile messenger giant Kakao, plans to offer 3.2 trillion won worth of unsecured loans this year, up by 1.76 trillion won from a year earlier. The average monthly increase in unsecured loans is expected to stand at 250 billion won from June to December. By the end of 2023, the bank aims to increase the proportion of customers with low and midrange credit scores to 30 percent of the total.
The task force will be led by Kim Gwang-ok, vice president of KakaoBank. Lee Hyung-joo, the bank’s chief business officer, and Koh Jeong-hee, its chief service officer, will also join the team.
“KakaoBank will try to offer a variety of loan services for customers with low and midrange credit scores, one of the company’s top priorities for this year,” said the task force chief, vowing to accelerate the launch of new loan services and carry out promotional events.
From June 10 to July 9, the bank is running an event and will cut interest rates for people who borrow money via some of its services.
By Kim Young-won (firstname.lastname@example.org)
Interior minister renews calls for trainee doctors to return to work
Rival heir to Kim Ju-ae unlikely to appear: unification minister
Main opposition wrestles with exodus over nomination spat