Press Releases - Financial Services Commission

Press Releases

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Apr 02, 2020

Vice Chairman Calls for Swift Delivery of COVID-19 Financial Support

FSC Vice Chairman Sohn Byungdoo held a meeting via conference call on April 2 to check updates on the implementation status of the government’s COVID-19 emergency support package and financial market stabilization measures. During the meeting, Vice Chairman Sohn emphasized the importance of swift delivery of the support to those who need it.COVID-19 FINANCIAL SUPPORT PROVIDEDBetween February 7 and March 30, a total of KRW19.9 trillion (206,000 individual cases) in loans and guarantees as well as loan and guarantee extensions were provided to the SMEs, small merchants and self-employed businesses owners that have been hit by the spread of COVID-19.► FINANCING BY TYPE: KRW 9.1 trillion (128,000 cases) in new loans and guarantees, KRW 9.9 trillion (68,000 cases) in maturity extensions and deferred payments, and KRW 800 billion (11,000 cases) in export-import credit finance, discounted interest rates and late fees and deferment of interest payments► FINANCING BY TARGET: KRW9.2 trillion (167,000 cases) to small merchants and self-employed business owners and KRW10.6 trillion (32,000 cases) to SMEs and middle market enterprises► FINANCING BY INDUSTRY: KRW3.1 trillion (26,000 cases) to wholesale businesses, KRW1.9 trillion (49,000 cases) to restaurant businesses and KRW1.7 trillion (34,000 cases) to retail businesses► FINANCING BY PROVIDER: KRW9.3 trillion (125,000 cases) by policy banks and KRW10.6 trillion (82,000 cases) by private financial institutions * Please refer to the attached PDF for details.
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Apr 02, 2020

2020 Korea Fintech Week to be Held as Virtual Expo

The FSC announced on April 1 that the 2020 Korea Fintech Week originally scheduled to be held at Dongdaemun Design Plaza (DDP) in Seoul from May 28 to 30 will be held as a virtual expo due to public health concerns amid the spread of COVID-19.As such, Korea’s second international fintech exposition will be held virtually under the theme of “Fintech for Open Innovation,” with virtual exhibitions displaying innovative fintech services for online visitors, while canceling the on-site exhibitions and events at DDP. The virtual exhibitions will feature videos and digital contents developed by fintech firms and financial companies.The virtual exhibitions (www.fintechweek.or.kr/2020) will be open for public viewing from Thursday, May 28, 2020.Fintech firms and financial companies wishing to participate in the 2020 Virtual Korea Fintech Week can apply online by visiting www.fintechcenter.or.kr.The government plans to actively promote Korea’s fintech firms abroad and assist them with overseas business opportunities by inviting financial authorities from other countries to the virtual exhibitions.For further information, please contact the Fintech Center Korea via email at fintechweek@fintechcenter.or.kr or by phone at +82-70-4150-4490 or +82-70-8873-9006.* Please refer to the attached PDF for details.
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Apr 01, 2020

FSC Adds 9 More Innovative Financial Services to Regulatory Sandbox at 1-Year Anniversary

The FSC added nine more innovative financial solutions to the financial regulatory sandbox on April 1, bringing the total number of ‘innovative financial services’ to 102 at the one-year anniversary of the launching of the regulatory sandbox program. FSC Chairman Eun Sung-soo stated that, despite the current adversity of COVID-19, the increased number of untact transactions in financial services, the advancement and convergence of big data and artificial intelligence and the expansion of cloud computing and IT security solutions will further accelerate innovation in the financial industry. While working to overcome the current adversity, Chairman Eun stressed the importance of cooperation between the government, fintech firms and all other market participants to continue to bring innovative solutions in the financial sectors.OVERVIEW OF NEWLY ADDED ‘INNOVATIVE FINANCIAL SERVICES’1. A corporate research institute tasked with RD projects focused on developing new financial technologies through cooperation with other fintechs and IT firms (KakaoBank)2. A mobile-based overseas stock investment platform which allows retail investors to make small-amount investments in foreign stocks (Qarasoft Mirae Asset Daewoo)3. A healthcare platform which connects health enhancement service providers and health insurance providers offering insurance plans which incentivize the use of health enhancement programs (SCOR Reinsurance)4. A non-recourse accounts receivable factoring service (Korea Credit Guarantee Fund)5. A small-sum overseas remittance service using automated currency exchange kiosks (Bellsoft)6. A personal tailored asset management service which tracks and analyzes users’ spending and saving patterns in real time (Rainist)7. A mobile-based insurance coupon issuance platform which offers prepaid insurance coupons at a discounted rate to be used in insurance premium payment in the future (Hyundai Marine Fire Insurance)89. One-stop online stock exchange platforms fo
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Apr 01, 2020

On-site Support Visits to Facilitate Delivery of COVID-19 Financial Support Package

The COVID-19 financial support package prepared for small merchants, SMEs and middle market enterprises is made available through diverse banking and non-banking channels beginning on April 1. As such, the financial authorities along with the heads of public financial institutions and relevant federations will carry out on-site support visits from April 1 to 3 in order to facilitate the implementation of the financial package and help resolve difficulties in the process of delivery.The purpose of the on-site support visits by the financial authorities is to ensure a seamless delivery of the financial support by closely communicating with both recipients and employees of financial institutions.The authorities will closely listen to the voices from the field and work to mitigate inconveniences, while improving relevant rules and regulations where necessary.* Please refer to the attached PDF for details.
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Mar 31, 2020

Open Financial Database to be Introduced through Open API in April

The FSC will begin to make available to the public approximately 44 million counts of public financial data held by the FSC and nine other financial institutions through open API beginning in early April. The open database on public financial data has been organized into five thematic categories, which can be accessed through www.data.go.kr. The government expects that this new open financial database will contribute to the promotion of financial innovation and big data industry and to the creation of new businesses and jobs.5 KEY CATEGORIES► INTEGRATED CORPORATE DATA: Provide general corporate information, governance structures and financial statements by interlinking corporate data held by 5 public financial institutions► INTEGRATED DISCLOSURE DATA: Provide information about companies’ sales status and stocks using the FSS’ electronic disclosure system called DART► INTEGRATED DATA ON FINANCIAL INSTITUTIONS: Provide general information, financial statements and statistics about financial institutions by interlinking corporate data held by 4 public financial institutions► INTEGRATED CAPITAL MARKET DATA: Provide data on securities issuance and transaction information by interlinking capital market data held by 3 public financial institutions► INTEGRATED NATIONAL ASSET DATA: Provide data on national assets and customers’ transaction information by interlinking national asset-related data held by 2 public financial institutions. EXPECTATIONThe opening of the public financial database to the general public, scholars and research institutions will boost financial innovation and help private enterprises with start-ups and new job opportunities. It also lays a groundwork for creating new values to the society. It is also expected that the open financial database can provide assistance in the process of financial policymaking through financial big data analysis.FURTHER PLANSApplication for registration for open API (www.data.go.kr) will be open in early Apri
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Mar 31, 2020

Vice Chairman Speaks on Importance of Removing Information Barriers for Policy Cooperation

FSC Vice Chairman Sohn Byungdoo attended the Financial Stability Board’s first plenary meeting this year via a conference call on March 30. During the meeting, the members discussed their policy responses to the COVID-19 outbreak as well as adjustment to the FSB’s work priorities for this year.In order to restore stability in the global financial markets, Vice Chairman Sohn emphasized that international cooperation has now become more important than ever. To that end, the Vice Chairman spoke about the need to remove information barriers that currently exist between the FSB standing committees in order to establish a more effective framework for policy cooperation. Vice Chairman Sohn also underscored the need for international standard setting bodies, such as the Basel Committee on Banking Supervision, to establish certain guidelines to promote regulatory flexibility.* Please refer to the attached PDF for details.
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Mar 31, 2020

FSC Introduces Amendments to Enforcement Decree of Credit Information Act

The government announced on March 30 that the amendments to the three major data privacy laws passed by the National Assembly on January 9 are scheduled to take effect on August 5 this year. As such, the FSC has prepared the amendments to the enforcement decree of the Credit Information Use and Protection Act to be put up for public notice until May 11.KEY AMENDMENTSI. DATA CONVERGENCEData convergence by financial institutions shall be carried out through a designated institution specifically tasked with data convergence by the FSC. Data specializing institutions shall provide pseudonymised or anonymised data to financial institutions.Data specializing institutions shall maintain appropriate human resources and set up a risk management system for secured processing of data convergence by maintaining separate servers for converged data.II. TRANSFER OF PERSONAL DATAPersonal credit data including personal financial transaction information, individual income tax and local tax records, insurance payment records and other financial information that are stored in financial institutions, commercial businesses and public institutions can be transferred to data subjects, financial institutions, personal credit bureaus and MyData businesses upon request from data subjects.III. MYDATA BUSINESS IN FINANCIAL SECTORMyData businesses shall abide by the system and facility requirements to ensure the safety and security of data processing. MyData businesses shall be allowed to operate upon approval and registration electronic financial business, loan brokerage business and financial advising business using robo-advisors.MyData businesses shall be prohibited from collecting personal credit information outside the boundaries of data subjects’ right to information privacy.IV. REGULATIONS ON CREDIT BUREAUSCredit bureaus shall (i) maintain appropriate system and facility requirements to ensure the safety and security of data processing, (ii) maintain an adequate number of data specialis
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Mar 31, 2020

Loan Deferment Guidelines for SMEs and Small Merchants Hit by COVID-19

The FSC and the FSS along with all financial associations and federations adopted the guidelines for the loan extension of principal payments and the deferment of interest payments to be implemented beginning on April 1 for the SMEs and small merchants hit by COVID-19.The guidelines provide the minimum standard with which SMEs and small merchants can apply for financing support. Financial institutions may voluntarily apply more relaxed standards and expand the supporting targets.COMMON GUIDELINES► ELIGIBILITY: SMEs and small merchants directly or indirectly damaged by COVID-19 with no overdues, impaired capital or business closure► ELIGIBLE LOANS: Existing SME loans with maturity date of up to September 30, 2020, including guaranteed loans and foreign currency loans that have been issued prior to March 31, 2020. ► TERMS OF SUPPORT: A minimum of six months of maturity extensions and deferment of interest payments from the date of application regardless of the repayment method► APPLICATION METHOD: Applicants need to visit a branch of currently using financial companies for consulting. Or, depending on the company, non-face-to-face methods such as phone or fax can be possible.► APPLICATION PERIOD: April 1, 2020 ~ September 30, 2020ADDITIONAL GUIDELINES► INSURANCE COMPANIES: If policy loan holders qualify as SMEs or small merchants hit by COVID-19, they are also subject to the deferment of interest payments► SPECIALIZED CREDIT FINANCE BUSINESSES: Credit card loans, credit loans, secured loans, installment financing and leases will be subject to the deferment of interest payments, while credit sales, cash advance and loans, leases or installment financing for automobiles will not be included* Please refer to the attached PDF for details.
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Mar 31, 2020

Special Low-rate Loans to be Introduced for Small Merchants Hit by COVID-19

As a part of the KRW12 trillion financing support package for the small merchants hit by COVID-19, local banks will begin providing super low-rate loans in the amount of KRW3.5 trillion beginning on April 1.► ELIGIBILITY: Small business owners that (i) have high credit records whose annual income is at KRW500 million or less and (ii) satisfy qualifications as small merchants according to relevant laws► TERMS OF SUPPORT: New business loans for up to KRW30 million at a fixed interest rate of 1.5 percent with maturity of maximum one year► APPLICATION METHOD: Applicants need to visit a local bank branch for consulting. KB Kookmin Banks and Shinhan banks offer online or mobile application as well.► APPLICATION PERIOD: April 1, 2020 ~ End of 2020* Please refer to the attached PDF for details.
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Mar 30, 2020

Peer-To-Peer Lending Cap to be Lowered to Provide Investor Safeguards

The FSC and the FSS announced on March 27 their decision to lower the peer-to-peer lending cap through supervisory guidance from the previously set amount of KRW50 million to KRW30 million per year. For real estate investment products, the P2P lending cap will be lowered to KRW10 million from KRW30 million.The decision was made amid growing concerns about damages to investors due to the possibility of an increase in defaults and delinquencies in the wake of the COVID-19 crisis.The changes in the lending cap apply to retail investors and take into consideration public comments since the enforcement decree of the Act on Online-linked Financing was announced on January 28.The government plans to gradually adjust the lending cap in the future, while promoting the sound development of the P2P lending industry and investor protection.* Please refer to the attached PDF for details.
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Mar 30, 2020

Basel III Credit Risk Framework to be Adopted in Q2 2020

The FSC and the FSS announced the early adoption of the credit risk framework of Basel III beginning in late June this year, more than one year and a half prior to the Basel Committee on Banking Supervision’s recommendation of adoption by 2022.With the early adoption of Basel III rules, the government expects that the banks with high proportions of business lending will see their BIS capital adequacy ratios increase, thus enabling banks to boost capital reserves to provide more funding to businesses.EARLY ADOPTION OF BASEL IIIBasel III contains measures to lower credit risk weights for SME loans and loss given default (LGD) rates for business loans. The early adoption of the revised credit risk framework will begin gradually with domestic banks and bank holding companies with the calculation of their BIS ratios at the end of June this year.The changes to the calculation of operational risk capital (ORC) will be implemented as scheduled in January 2022.FURTHER PLANSThe government will finish up revising the relevant rules and regulations in April, while providing assistance to financial companies to ensure that their system setup and verification are done smoothly.The government will continue to work on ways to ensure that the government’s prudential regulations on financial institutions are not constraining their ability to respond flexibly in times of crisis.* Please refer to the attached PDF for details.
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Mar 27, 2020

Vice Chairman Emphasizes Importance of Effective Implementation of COVID-19 Financial Support

FSC Vice Chairman Sohn Byungdoo held a meeting on March 27 via conference call to examine the implementation of the government’s COVID-19 emergency support package and financial market stabilization measures.The following is a summary of Vice Chairman Sohn’s remarks:► FINANCING SUPPORT: Low-rate loans (1.5%) at local banks as well as maturity extensions on existing loans and deferment of interest payments will be available through all financial institutions beginning on April 1.► ON-SITE COMMUNICATION: Beginning on April 6, the FSC’s emergency financial situation room along with other relevant institutions will operate a regular on-site communication and inspection channel through conference calls or on-site visits in order to help resolve difficulties on the ground.► MARKET STABILIZATION FUNDS: On March 24, the size of the initial capital call has been decided at KRW3 trillion to launch a bond market stabilization fund, which will be expanded up to KRW20 trillion afterwards. The corporate bond purchase will start as early as April 2. A stock market stabilization fund in the amount of KRW760 billion was launched on March 25 by the Korea Exchange, the Korea Financial Investment Association, the Korea Securities Depository and the Korea Securities Finance Corp. In addition, KRW10 trillion more will be made available by the financial institutions in the private sector in the second week of April.► SHORT-TERM MONEY MARKETS: Between March 24 and 26, the Bank of Korea and the Korea Securities Finance Corp. made available approximately KRW3.5 trillion in short-term liquidity to the securities companies. On March 30, the policy banks will begin purchasing commercial paper, electronic short-term bonds and short-term credit bonds. A CP purchasing operation will be undertaken collectively by the Korea Development Bank and the Korea Credit Guarantee Fund.FINANCIAL SUPPORT PROVIDEDBetween February 7 and March 24, a total of KRW13.4 trillion (152,000 individual case
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Mar 27, 2020

KAIST Selected as Digital Finance Education Provider for 4 Years

The Financial Services Commission and the Seoul Metropolitan Government announced on March 25 that the Korea Advanced Institute of Science and Technology (KAIST) along with its consortium members have been chosen as the designated digital finance education provider.In the second half of this year, KAIST will begin to offer both degree (2-year) and non-degree (5-month) programs to cultivate more professionals in the area of digital finance, providing courses on big data, cloud computing and artificial intelligence, etc.For the next four years, KAIST will provide curriculums on digital finance to current financial industry workers, prospective fintech entrepreneurs, fintech professionals and those that are aspiring for financial sector jobs.More specific information about curriculums and admissions will be provided by KAIST College of Business at a later date.* Please refer to the attached PDF for details.
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Mar 26, 2020

Government Expands Young Adult Loan for Rent Payments to Boost Financial Inclusiveness

The FSC announced on March 26 an increase of KRW3 trillion for the young adult loan for rent payments from the previously available amount of KRW1.1 trillion to KRW4.1 trillion.The young adult loan for rent payments was launched on May 27, 2019 through an agreement between the FSC, the Korea Housing Finance Corporation and the Korea Federation of Banks with an initial goal of providing KRW1.1 trillion in loans for young adults. During a 10-month period until March 20 this year, about 25,000 young adults have benefited from low-rate loans for rent payments with the total amount of loans issued standing at KRW1.2 trillion. About 25 percent of the young adults using the loan were found to be students or job seekers without regular incomes. The loan program has had an impact in resolving housing problems of many young adults.With the increased amount of loans available for up to KRW4.1 trillion, about 60,000 more young adults are expected to benefit from the program.The FSC will continue to work for expanding the online application channels in order to improve accessibility for young adults.* Please refer to the attached PDF for details.
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Mar 25, 2020

Financial Authorities and Associations Join Hands for Effective Provision of COVID-19 Support

The leaders of the FSC and the FSS along with the representatives of all financial sector associations and federations held a meeting on March 25, and signed a memorandum of agreement to effectively deliver the COVID-19 financial support package.The following are the key points of the agreement.Key Points► Banks will work to provide funding to SMEs and small merchants through super low interest loans (1.5%).► Banks will work to provide SMEs and small merchants with information about appropriate financing products.► Banks will provide active assistance to the regional credit guarantee institutions that are facing burdens of workloads in receiving and reviewing applications.► Credit guarantee institutions will closely cooperate with banks in ensuring prompt delivery of necessary funding to SMEs and small merchants.► Banks will work to ensure that the loan and guarantee extensions as well as the deferment of interest payments are seamlessly implemented beginning on April 1.► Banks will refrain from collecting debt from businesses that are facing temporary difficulties due to the COVID-19 outbreak.► Banks will contribute to the bond market stabilization fund and actively cooperate to raise the fund when deemed necessary afterwards.► Banks will actively cooperate to promptly launch a stock market stabilization fund.► The financial regulators will ease standards on sanctions for financial institutions’ handling of the COVID-19 financial support and actively support banks’ efforts to boost liquidity requirements.* Please refer to the attached PDF for details.
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Mar 24, 2020

Measures to Stabilize Financial Markets

The government unveiled the financial market stabilization measures on March 24 to help provide sufficient liquidity to businesses and deploy market stability tools to absorb shocks in the financial markets amid the spread of COVID-19.In order to address financing difficulties and help restore stability in the financial markets, the measures will increase the financing support package from KRW50 trillion to more than KRW100 trillion. This includes financing support through policy banks in the amount of KRW58.3 trillion and KRW41.8 trillion funds to help restore stability in the country’s bond market, stock market and short-term money markets.FINANCIAL MARKET CONDITIONSThe concern over a global economic slowdown due to the spread of COVID-19 has brought market volatility in the global financial markets, thus limiting corporate financing channels. From the beginning of March, stock prices in major economies plunged and the won-dollar exchange rate spiked due to a strong dollar.Amid rising uncertainties surrounding the COVID-19, market anxiety has expanded to the corporate bond market and short-term money markets.Unlike the past financial crises, the downturn in the financial markets today started from the real economy — an abrupt slowdown in consumption, production and investment, a breakdown in global supply chains, and a drop in global trade.Due to the decline in domestic demand, a contraction in the real economy and financial market anxieties, it remains difficult to accurately predict the ripple effects of the current economic slowdown caused by COVID-19. Thus, preemptive and bold responses are required to bring stability to the markets.KEY MEASURESI. FINANCING SUPPORT FOR BUSINESSES: KRW58.3 TRILLIONA total of KRW 29.2 trillion in financing support for SMEs and small merchants will be provided.► KRW12.0 trillion in emergency financing support for small merchants► KRW5.5 trillion in special guarantees for SMEs and small merchants► KRW3.0 trillion in full
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Mar 24, 2020

Reverse Mortgage Age Requirement to be Lowered

The revisions to the Enforcement Decree of the Korea Housing Finance Corporation Act were approved at a cabinet meeting on March 24. The revisions include the changes to the reverse mortgage age requirement and the introduction of a new security deposit payback guarantee program for renters.REVERSE MORTGAGEBeginning on April 1, 2020, the age requirement for homeowners or spouses of homeowners wishing to sign up for reverse mortgage programs will be lowered from 60 years old or older to 55 years old or older.The government expects that 1.15 million additional households will be eligible for reverse mortgages due to this change. Early retirees are expected to benefit from the 1.5 percent increase in the disbursement amount beginning in 2020.As of the end of February, 2020, the accumulated number of households signed up for reverse mortgages stood at 72,000 and the total amount of disbursement stood at KRW5.3 trillion.SECURITY DEPOSIT PAYBACK GUARANTEEBeginning in June, the Korea Housing Finance Corporation (HF) will offer a security deposit payback guarantee to the recipients of HF’s jeonse loan guarantees. This new guarantee service is expected to improve convenience and lower costs for consumers.* Please refer to the attached PDF for details.
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Mar 23, 2020

Government Issues Investor Alert for P2P Lending Products

With the Act on Online Investment-linked Financing scheduled to take effect on August 27, 2020, the volume of peer-to-peer lending has continued to grow as well as its default rate. Against this backdrop, the government has issued an investor alert to urge investors to use caution before investing in P2P loan products.Investors should be aware of the risks associated with P2P loan products as they are high-risk, high-yield products with no principal guarantee.The FSC will work to promote the development of a sound P2P lending ecosystem while closely monitoring the P2P lending firms’ compliance with the relevant guidelines to help minimize the information asymmetry existing in the market. For any unfair sales practices or incidents of fraud or embezzlement, the financial regulators will take stringent measures through on-site inspections.Note to Investors► P2P loan products are not principal guaranteed and investors are responsible for their losses on their investments.► Investors are advised to check whether P2P lending firms are registered with the FSC.► Investors are advised to check P2P lending firms' financial data and other relevant records prior to investing.► Investors should approach with caution P2P lending firms with excessive investment events.► Investors are advised to check the details of disclosed information when considering investment in P2P real estate lending.► P2P loan products are high-risk, high-yield products, thus investors are advised to follow small sum and dispersed investment strategies.* Please refer to the attached PDF for details.
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Mar 23, 2020

Financial Regulators and Banks Agree to Closely Cooperate on COVID-19 Financial Support

The FSC and the FSS along with the Korea Federation of Banks and its member institutions held a meeting on March 23, and signed a memorandum of agreement to closely cooperate in the provision of the COVID-19 financial support programs.The officials agreed that providing reliefs to the SMEs and small merchants hit by the COVID-19 outbreak is a priority for the real economy. They also agreed on the importance of effectively implementing the recently announced financial support package for SMEs and small merchants. The following are the key points of the agreement.Key Points► Banks will work to provide funding to SMEs and small merchants through super low interest loans (1.5%).► Banks will work to provide SMEs and small merchants with information about appropriate financing products.► Banks will provide active assistance to the regional credit guarantee institutions that are facing burdens of workloads in receiving and reviewing applications.► Credit guarantee institutions will closely cooperate with banks in ensuring prompt delivery of necessary funding to SMEs and small merchants.► Banks will work to ensure that the loan and guarantee extensions as well as the deferment of interest payments are seamlessly implemented beginning on April 1.► Banks will refrain from collecting debt from businesses that are facing temporary difficulties due to the COVID-19 outbreak.► Banks will contribute to the bond market stabilization fund and actively cooperate to raise the fund when deemed necessary afterwards.► Banks will actively cooperate to promptly launch a stock market stabilization fund.► The financial regulators will ease standards on sanctions for financial institutions’ handling of the COVID-19 financial support and actively support banks’ efforts to boost liquidity requirements.* Please refer to the attached PDF for details.
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Mar 23, 2020

FSC Designates 7 Additional Financial Solutions for Regulatory Sandbox

The FSC designated seven additional financial solutions as ‘innovative financial services’ to be included in the regulatory sandbox program on March 20, 2020. The FSC has designated a total of 93 ‘innovative financial services’ since the launching of the regulatory sandbox on April 1, 2019.OVERVIEW OF NEWLY ADDED ‘INNOVATIVE FINANCIAL SERVICES’1. A small sum foreign stock investment platform using reward points from affiliated businesses (Shinhan Investment Corp.)2. A financial fraud or scam detection service that provides information about possible voice phishing attempts for phone calls and text messages using telecommunications and financial information (Nice Information Service, SKT, KT, LG U+)3. A mobile-based local shopping voucher platform to promote the local economy (KT)4. A USIM-based mobile authentication process that allows individuals to register e-payment methods on their mobile devices for a simpler payment process (L Fin)5. A mobile-based paperless application solution for business-related insurance products, such as fire or disaster liability insurance (Hyundai Marine Fire Insurance)67. Online-based loan comparison platforms that offer a comparison on different loan products from various financial institutions (SK Planet Owrainfo Co.)* Please refer to the attached PDF for details.
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