small loan financing Archives | Be Korea-savvy
Fintech Pushes Banking Services to Mobile Apps

Fintech Pushes Banking Services to Mobile Apps

SEOUL, June 15 (Korea Bizwire) – A recent study has shown that mobile applications are the most sought-after means of applying for small loans, credit card loans, and even cash advances. Last month, Internet banking company K Bank commissioned a survey from market researcher Macromill Embrain in which 1,000 people between the ages of 25 and [...]

“Loan Shark” or “Life Saver”? Pros and Cons of Private Money Lenders

“Loan Shark” or “Life Saver”? Pros and Cons of Private Money Lenders

SEOUL, Oct. 25 (Korea Bizwire) – A “loan shark” is a derogatory term referring to a person or body that offers loans at extremely high interest rates. Interest rates are so high that their lending practices are often being accused of exploiting a borrower’s financial troubles.  Cash loans to people in dire need of money, [...]