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Articles by Yon Quk
Maeil Business Newspaper Korea's No. 1 Economic Media
It was found that the proportion of domestic bank corporate loans in the metropolitan area is increasing and the concentration phenomenon is intensifying. The balance of corporate loans in the Seoul metropolitan area surpassed KRW 1,000 trillion for the first time in history, while the provinces have been flat for years.
Maeil Business Newspaper Korea's No. 1 Economic Media
Measures to guide the calculation method in detail The exclusion of card usage performance is unified to one A panoramic view of the Financial Supervisory Service. [News 1] # Kim, who received an apartment mortgage loan from Bank A, decided to receive a 0.2% reduction in the loan interest rate on the condition of using Company A's credit card more than 1 million won per month in addition to the same salary transfer.
Maeil Business Newspaper Korea's No. 1 Economic Media
After the Bank of Korea raised its benchmark interest rate, commercial banks are raising interest rates on deposit and installment savings products one after another. As a result, the movement of funds that left the bank with MoneyMove to return to the bank is also accelerating. On the 21st, Shinhan Bank raised interest rates on 30 types of products, including 13 types of deposits and 17 types of savings deposits.
Maeil Business Newspaper Korea's No. 1 Economic Media
Financial authorities are expected to announce a governance reform within this week that will damage the practice of a CEO of a domestic financial holding company. It is expected to include a law prohibiting the CEO of a financial holding company from serving three consecutive terms. According to the financial sector on the 20th, the financial authorities are expected to announce a reorganization of the governance structure of financial holding within this week.
Maeil Business Newspaper Korea's No. 1 Economic Media
Korea Financial Telecommunications & Clearings Institute's cross-border QR payment service linked with 300,000 domestic BC Card merchants BC Card President Kim Young-woo (left) and Financial Settlement Director Chae Byung-deuk (right) signed a business agreement to revitalize QR payments at domestic affiliates of foreign tourists at the main building of the Korea Financial Settlement Institute in Jung-gu, Seoul on the 16th and are taking commemorative photos.
Maeil Business Newspaper Korea's No. 1 Economic Media
Housing financial guarantees, such as jeonse guarantees supplied by the Korea Housing Finance Corporation (HF), have fallen to their lowest level in seven years due to the disappearance of jeonse sales due to real estate regulations and the authorities' stance to strengthen household loans. It is pointed out that representative public guarantees that support low-income and end-users' lease on a deposit basis are not functioning properly.
Maeil Business Newspaper Korea's No. 1 Economic Media
Against the backdrop of Gwanghwamun... President Lee Jae-myung received his second report on the work of the Ministry of Finance and Economy and the Financial Services Commission at the Cheong Wa Dae Guest House on the 15th. This work report will be held for four days with the participation of the public. From left, Prime Minister Seong Sook Han, President Lee, and Cheong Wa Dae policy chief Lee Yongbum Kim.
Maeil Business Newspaper Korea's No. 1 Economic Media
[Financial Services Commission's Report on Presidential Affairs] Added aerospace field to investment targets Establishment of a management company dedicated to long-term and patient capital Investment in fundamental technologies that can change the future The financial authorities have decided to increase the size of the National Growth Fund, which is considered the "largest fund since Dangun," from 150 trillion won to 200 trillion won.
Maeil Business Newspaper Korea's No. 1 Economic Media
[Financial Services Commission's Report on Presidential Affairs] If annual income increases by more than 20% due to performance-based salary Reflects DSR as average annual income for 2-3 years immediately preceding The financial authorities have decided to further strengthen DSR (total debt repayment ratio). In a structure where the loan limit increases as much as income, some of the incentives will not be recognized as annual income.
Maeil Business Newspaper Korea's No. 1 Economic Media
Up to 300 million won in compensation...Insurance is free of charge A panoramic view of Hana Financial Group's headquarters in Jung-gu, Seoul. [Hana Financial Group] Hana Financial Group will launch an insurance product that guarantees deposits for young people vulnerable to jeonse fraud for free. Hana Financial Group responded preemptively as Cheong Wa Dae raised the issue of the youth housing ladder and financial authorities are considering related measures.
Maeil Business Newspaper Korea's No. 1 Economic Media
Financial Supervisory Service announces the status of foreign exchange transaction violations in 2025 There were also 441 cases of personal violations...It's getting better A panoramic view of the Financial Supervisory Service. Last year, more than 1,000 cases were caught violating the legal obligation to report and report in the process of sending foreign currency. It is characterized by an increasing number of individual violations among companies and individuals.
Maeil Business Newspaper Korea's No. 1 Economic Media
Shinhan Bank's Tech Group Employees Run AI Coding Experience Class for 3 Years It is noteworthy that AI experts in the field have been directly conducting AI coding education for elementary school students for many years. Shinhan Bank's in-house volunteer organization, "Tech Volunteer Corps," is the main character. Shinhan Bank's Tech Volunteer Group held a "Children's AI Coding Experience Class" for elementary school students at Shinhan Expo in Myeong-dong, Jung-gu, Seoul on the 11th.
Maeil Business Newspaper Korea's No. 1 Economic Media
It has been confirmed that the five major commercial banks have already exhausted 85% of their annual household loan growth capacity in the first half of this year. Although commercial banks have tightened lending since the beginning of the year, the increase in credit loans for investment in the stock market and demand for mortgage loans for buying homes have continued. As a result, the market expects that the "loan cliff" will become a reality in the second half of the year.
Maeil Business Newspaper Korea's No. 1 Economic Media
It was found that the five major financial holding companies supplied more than 10 trillion won in inclusive finance in the first half of the year alone. This is the result of each financial holding company competitively canceling the debt of delinquents and increasing the supply of low-income loan products in the Lee Jae Myung government's inclusive financial transformation drive.
Maeil Business Newspaper Korea's No. 1 Economic Media
It has been confirmed that the five major commercial banks have already exhausted 85% of their household loan growth capacity in the first half of this year. As a result, concerns over a cold wave of loans in the second half of the year are growing. The photo shows ATMs of commercial banks in Seoul on the 12th.
Maeil Business Newspaper Korea's No. 1 Economic Media
With the management of the total amount of household loans by the authorities The balance growth capacity of 4.3 trillion won this year Some places have already exceeded the target of 3.7 trillion won in the first half of this year The loan gate will narrow toward the end of the year The five major commercial banks exhausted 85% of their annual household loan growth capacity in the first half of the year (January-June) alone.
Maeil Business Newspaper Korea's No. 1 Economic Media
Shinhan Financial Group Chairman Jin Ok-dong (left) and Dream Team Chairman Cho Sung-hyun are taking photos. Shinhan Financial Group Co., Ltd Shinhan Financial Group announced on the 10th that it held a launching ceremony for the 21st "Disabled Youth Dream Team" at Glad Hotel in Yeouido, Seoul. The Disabled Youth Dream Team is the first overseas training program for disabled youth in Korea that Shinhan Financial Group has sponsored since 2005 with the Korea Disabled Rehabilitation Association.
Maeil Business Newspaper Korea's No. 1 Economic Media
Loan products from the four major commercial banks will be available from the 20th of this month at 20 local post offices. Based on the fact that the proportion of the elderly in the provinces is higher than in Seoul and the metropolitan area, but the accessibility to banks is low, the government plans to compare and select loan products from the four major banks, KB Kookmin, Shinhan, Hana, and Woori, and even collect preferential interest rates at the base post office.
Maeil Business Newspaper Korea's No. 1 Economic Media
KB Kookmin Bank announced on the 8th that it will limit the maximum limit of mortgage loans to 300 million won from the 10th. Previously, according to the government's policy, loans of up to 600 million won have been made for houses worth less than 1.5 billion won in the Seoul metropolitan area and regulated areas, but the limit is cut in half.
Maeil Business Newspaper Korea's No. 1 Economic Media
Although Internet banks claim that they have complied with the target of the proportion of credit loans for mid- to low-credit people (30%) presented by financial authorities, the amount of loans supplied to those belonging to the vulnerable group has decreased for two consecutive years.
Maeil Business Newspaper Korea's No. 1 Economic Media
Shinhan Bank held a "Management Strategy Meeting in the Second Half of 2026" on the 6th and presented "Wide & Deep" as a key message in the second half of the year, which means horizontal expansion of its customer base and vertical deepening of customer relationships. This means that it will secure more contact points with customers to expand its future growth base and provide differentiated solutions based on a deep understanding of customers.
Maeil Business Newspaper Korea's No. 1 Economic Media
The early supply performance of the "three sets of financial underprivileged loan products (microfinance)," a policy-based financial product launched by the financial authorities in March as part of inclusive finance, is mixed. While demand is concentrated on youth loans, the administrative power of each micro-financial foundation has not been able to keep up, delaying the supply of other products.
Maeil Business Newspaper Korea's No. 1 Economic Media
4.5% interest rate 'Loan of livelihood for financially vulnerable groups' 5 billion implemented for two months...Far below target The cause of the concentration of administrative power on youth future joint loans Financial authorities hold an emergency meeting and order measures to be taken There are mixed feelings about the initial supply performance of the "three sets of financial underprivileged loan products (microfinance)," a policy-based financial product that the Financial Services...
Maeil Business Newspaper Korea's No. 1 Economic Media
Officer A, who works at Shinhan Bank's branch, was promoted from regular personnel to manager in the second half of the year on the 1st. The employee, who joined the company only four years ago in 2022 and has been in the fifth year this year, performed well and skipped the deputy position and was immediately "promoted" to the manager. Shinhan Bank conducted an unconventional personnel reform experiment in its regular personnel appointments in the second half of this year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Financial companies will be exempted from financial authorities' sanctions, such as fines, if certain requirements are met even if computer failures occur while conducting security tests using artificial intelligence (AI) for security purposes. The Financial Services Commission announced on the 2nd that it deliberated and decided on such exemption measures on the 30th of last month.
Maeil Business Newspaper Korea's No. 1 Economic Media
One of the biggest issues in the financial sector, the "reorganization of the governance structure of financial holdings," has been drifting for a long time. In December last year, when President Lee Jae Myung criticized the governance structure of financial companies as a "corrupt inner circle," the financial authorities immediately began to come up with measures to reorganize the governance structure. However, six months later, it has not been announced until now.
Maeil Business Newspaper Korea's No. 1 Economic Media
Running AI tests and security patches for security purposes No fines will be imposed in the event of a computer failure In the future, financial companies will conduct security tests using AI for security purposes Even if a computer failure occurs, sanctions by financial authorities, such as fines, will be exempted. This is to support the financial sector to actively respond to the security threats of frontier AI such as Mitos.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Financial Supervisory Service said on the 1st that it has improved the system so that voice phishing victims can submit related documents through financial company apps without having to visit banks in person when applying for damage relief. In the meantime, voice phishing victims had to visit financial companies' branches in order to fill out an application for damage relief and submit supporting documents. As a result, it was difficult to receive prompt damage relief.
Maeil Business Newspaper Korea's No. 1 Economic Media
Shinhan Financial Group Chairman Jin Ok-dong (left) and Yoo Ho-yeon, head of the Seoul Station Room Counseling Center. Shinhan Financial Group Shinhan Financial Group announced on the 1st that CEO of the group, including Chairman Jin Ok-dong, conducted volunteer work to support the healthy summer of the residents at the Seoul Station Room Counseling Center in Yongsan-gu, Seoul on the 30th of last month.
Maeil Business Newspaper Korea's No. 1 Economic Media
From left, Kazuhiro Kawase, director of the Public Relations and Culture Center at the Embassy of Japan in the Republic of Korea; Ha Tae-yoon, chairman of the Lee Hee-geon Korea-Japan Exchange Foundation; Kim Seung-bok, CEO of Kwon Publishing; translator Yoshikawa Nagi; translator Shimizu Chisako; Jin Ok-dong, chairman of Shinhan Financial Group; and Lee Hoon, adviser to the Lee Hee-geon Korea-Japan Exchange Foundation.
Maeil Business Newspaper Korea's No. 1 Economic Media
"Representative cultural exchange between Korea and Japan" Photo description at the bottom of the article. The Japanese translation team, which visited the main background of the prawn novel land for 10 years and reflected the historical and cultural context surrounding the work in detail, was selected as the winner of this year's Lee Hee-gun Award.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Financial Services Commission said on the 29th that the banking law will be revised from July 1 to ease the interest rate burden on borrowers. Currently, when the banking sector handles loans that are the basis for imposing various legal contributions, the contribution is reflected in the additional interest rate when calculating the loan interest rate.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Financial Services Commission said on the 26th that youth future installment savings, which can earn up to 19% per year, exceeded 1 million subscribers in five days after its launch on the 22nd. Youth Future Savings operated a five-day system according to the end of the birth year on the first five business days (22-26) of the application for membership. Anyone can freely apply for membership for five business days from the 29th to July 3rd, regardless of the year of birth.
Maeil Business Newspaper Korea's No. 1 Economic Media
KB Kookmin Bank and Kakao Bank, the "oldest" of domestic commercial banks and Internet banks, have decided not to increase their mortgage balance at all this year. In order to strengthen household debt management, the financial authorities decided to devote all of their household loan growth capacity to credit loans. As the two banks, leading commercial and Internet banks, lock their doors, the threshold for maintenance is expected to be higher in the second half of the year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Shinhan Financial Group Chairman Jin Ok-dong (left) and Uzbekistan's Investment, Industry and Trade Minister Rajiz Kudratov. Jin Ok-dong, chairman of Shinhan Financial Group, who is about to enter a local subsidiary in Uzbekistan, met with Rajiz Kudratov, Uzbekistan's Minister of Investment, Industry and Trade, to launch a cooperation plan in earnest.
Maeil Business Newspaper Korea's No. 1 Economic Media
As demand for "debt investment" (debt investment) has increased significantly, all five major commercial banks have been confirmed to have significantly exceeded the credit loan management target set by the financial authorities this year. As more credit loans than guidelines presented by financial authorities have already been executed in the first half of the year, it is observed that banks will raise the threshold for loans in the second half of the year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Exceeding the target of credit loans in the five major 銀 Loan balance increased by 1.1583 trillion Financial Services Commission "will enter intensive management" Concerns are growing that the lending threshold could rise in the second half of the year as the growth of credit loans by the five major commercial banks exceeds the management target of financial authorities.
Maeil Business Newspaper Korea's No. 1 Economic Media
Youth Future Savings" will be released on the 22nd to support the formation of youth assets." According to the Financial Services Commission on the 21st, Youth Future Savings will receive applications for two weeks from the 22nd to the 3rd of next month. The first five business days (22-26) will be operated on a five-day basis according to the end of the birth year. After that, all young people will be subscribed.
Maeil Business Newspaper Korea's No. 1 Economic Media
In response to President Lee Jae Myung's "brutal" criticism, illegal private finance (non-private) prevention loans, which have lowered interest rates, have decreased since the rate cut. Critics point out that the repayment method was counterproductive to reduce the burden on the financially vulnerable. As the performance fell far short of the target, financial authorities are considering easing qualification requirements.
Maeil Business Newspaper Korea's No. 1 Economic Media
It was estimated that only 800 people used the online transfer service for credit loans for private businesses introduced by financial authorities to ease the interest rate burden on small business owners in the two months of implementation. However, contrary to the purpose of the system, it was found that they are benefiting from transferring to high-income professionals such as doctors.
Maeil Business Newspaper Korea's No. 1 Economic Media
Shinhan Bank, along with Shinhan Card, has launched a new product that has greatly strengthened the benefits of accumulating points from using the card. There are two types of "Shinhan Card SOL Plan+" that link Shinhan Card and Shinhan Bank account benefits.
Maeil Business Newspaper Korea's No. 1 Economic Media
Shinhan Financial Group unveiled "Shinhan Super SOL," a new financial platform that integrates group company applications (apps) on the 17th. It is a super app that combines the financial functions of banks, securities, cards, and lives, which are core affiliates of Shinhan Financial Group. Shinhan Financial held a Super SOL public event at Shinhan Financial headquarters in Jung-gu, Seoul, attended by bank, securities, card and life customers and chairman Jin Ok-dong (photo).
Maeil Business Newspaper Korea's No. 1 Economic Media
Super App Combining Banks, Securities, Cards, and Life Shinhan SOL Link Invests Shares in Bank Account AI Agent Recommends, Subscribes, and manages financial products Chairman Jin "New Finance Never Experienced" Shinhan Financial Services Co., Ltd. Shinhan Financial Group unveiled its integrated financial platform "Shinhan Super SOL" on the 17th.
Maeil Business Newspaper Korea's No. 1 Economic Media
The remaining limit of limit loans (minus bank accounts) that are used as much as necessary after receiving the limit is found to exceed 53 trillion won only in the five major commercial banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup Bank).
Maeil Business Newspaper Korea's No. 1 Economic Media
The Financial Services Commission has decided to release the second round of the Public Participation National Growth Fund (Public Participation Growth Fund), which recorded an early sell-out success, within the third quarter of this year. The scale is the same as 600 billion won in the first round. Details such as the allocation of supplies for ordinary people and the proportion of face-to-face and non-face-to-face sales will be determined later.
Maeil Business Newspaper Korea's No. 1 Economic Media
Finance is penetrating deep among companies in different industries, ranging from convenience stores and delivery applications, travel and performance platforms, virtual assets to used transactions. the so-called cross-strait relationship between finance and industry. In the end, there is a question of "where and how to catch customers." People's financial movements are no longer just in bank apps and windows.
Maeil Business Newspaper Korea's No. 1 Economic Media
For the time being, credit loans are also expected to have to be "open run." This is because banks that manage applications every day have emerged in accordance with the government's policy to strengthen credit loan management. Shinhan Bank announced on the 12th that it will implement a "preemptive management plan for credit loans" to respond to the expansion of household debt growth and manage stable household loans from the 15th.
Maeil Business Newspaper Korea's No. 1 Economic Media
Domestic banks continue to increase bond issuance as deposits are withdrawn due to the booming stock market. The amount of bank bonds issued this year has already exceeded 100 trillion won. As the issuance of bank bonds expanded, concerns spread that the burden of loan interest rates could increase, coupled with the possibility of a hike in the benchmark interest rate.
Maeil Business Newspaper Korea's No. 1 Economic Media
Shinhan Bank announced on the 8th that it has launched "Shinhan Basic Pension Emergency Loan," an ultra-low interest rate loan product of 0.1% for basic pension recipients. It is a living fund support product for senior customers who receive basic pensions through Shinhan Bank accounts and operates in a negative bank account with a single limit of 500,000 won. The loan period is three years and the interest rate is 0.1% per year.
Maeil Business Newspaper Korea's No. 1 Economic Media
While the number of excellent new lenders has decreased significantly due to the regional economic downturn, the insolvency of existing loans has rapidly expanded, leaving local banks' corporate loans facing beleaguered conditions. According to the financial sector on the 8th, five local banks (iM Bank, Busan, Gyeongnam, Gwangju, and Jeonbuk Bank) recorded a total of 1.606.2 trillion won in non-profit loans in the first quarter of this year.
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