[Economy 365]
Contributions made by financial institutions to fund policy-based microfinance have neared 1.5 trillion KRW over the past four and a half years.
Totaling 1.4797 trillion KRW from 2022 to June of this year, last year's contributions reached 439.6 billion KRW, marking a record high with a 91.5% increase compared to 2022.
The banking sector accounted for 48% of the total, with KB Kookmin Bank, Shinhan Bank, and NH Nonghyup Bank contributing the largest amounts in that order.
During the same period, the supply of policy-based microfinance grew by only 24.2%.
With the contribution rates raised and subrogation rates for certain products also increasing, the financial sector's burden is expected to grow further.
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