Kakao Bank also plans to charge a single-digit interest rate for loans extended to those with low credit ratings like ones with 8th credit grade. Kakao announced on July 23 that it will launch such financial services starting from July 27, the date when its official service is launched.
First of all, it will lower the overseas remittance commission to one tenth of the level of existing banks. It will levy a commission of 5,000 won for the remittance of less than $5,000, and 10,000 won for the remittance of more than $5,000.
When sending money to Japan, Thailand, and the Philippines, Kakao Bank will charge a commission of only 8,000 won regardless of the amount of remittance. Kakao Bank also intends to offer mid-interest rate loan products for those with low to mid-level credit ratings.
Mirae Asset Global Investments Co. Ltd. invested 54 billion won ($48 million) last week in mezzanine debt secured on two warehouses leased to FedEx Corporation on behalf of South Korean institutional investors, in its second investment in the logistics facilities&hellip
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city in a deal worth around 50 billion won ($44 million), with a view to reselling&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip