Equity Investment Limit for 'Excellent Online Lenders' Raised to 40%... Revitalizing Mid-Interest Rate Loans
4 Articles
4 Articles
The Financial Services Commission is introducing the ‘Excellent Online Investment-Linked Finance Operator for Loans to Low- and Mid-Credit Borrowers’ system to expand lending to such borrowers within the online investment-linked finance (On-T) sector. This decision stems from the assessment that the On-T business is not adequately fulfilling its role of supplying funds to low- and mid-credit borrowers, contrary to its original intent. On the 22n…
(Seoul = Yonhap News) Reporter Kang Ryu-na = Financial authorities [designate] 'Excellent P2P lenders for low-to-mid credit borrowers' to revitalize mid-interest rate lending in the online investment-linked finance (P2P) industry ...
The Financial Services Commission and the Financial Supervisory Service announced measures to improve the online lending system to revitalize lending to borrowers with low to medium credit scores. The key points include expanding equity investment limits for top-performing firms and raising investment limits for individual investors, while also including strengthened disclosure obligations to protect investors. The system is scheduled to be impl…
[Digital Daily Reporter Kim Nam-gyu] Financial authorities are raising the investment limit for general individual investors in peer-to-peer (P2P) lending from 40 million won to 50 million won. For companies with excellent lending records to borrowers with low to mid-credit scores, limits on equity capital and investments linked to financial institutions will also be expanded. The aim is to shift the P2P lending industry, which has been skewed t…
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