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South Korea's Major Financial Groups Pledge 100 Billion Won Each for Microfinance Overhaul, KB to Launch Youth Delivery Worker Program

GateNews
Stocks
According to South Korea's Financial Services Commission announced today (July 14), five major financial groups—KB Financial, Shinhan, Hana, Woori, and NH Nonghyup—each pledged an additional 100 billion won to revamp the microfinance foundation system. The initiative aims to transition the sector from a standardized model to a 2.0 framework featuring differentiated, specialized products tailored to underserved demographics. KB Financial plans to launch a microfinance product supporting delivery platform workers by Q3 2026, while NH Nonghyup will offer products targeting farmers and young people returning to rural areas. The restructuring seeks to enhance the microfinance sector's market responsiveness, which has seen stagnant lending volumes in recent years.
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