Five Major Financial Groups Provide 11.3 Trillion Won in Inclusive Finance in First Half of 2026

The total amount of inclusive finance provided by the five major financial groups in the first half of this year has exceeded 11 trillion won.

The Financial Services Commission (FSC) announced today (July 12) that it held a meeting to review the progress of inclusive finance by the five major financial groups at the Government Complex Seoul on July 10, presided over by Secretary General Shin Jin-chang. The meeting assessed the performance since the five groups announced their plans to expand inclusive finance in January.

The five major financial groups (KB, Shinhan, Hana, Woori, and NongHyup) provided a total of 11.3 trillion won in inclusive finance during the first half of this year.

This figure includes loans for low-income and vulnerable groups, such as New Hope Spore loans and mid-interest rate loans, as well as loans for small business owners and the self-employed, and internal debt restructuring and write-offs.

In particular, the FSC stated that the five major groups provided internal debt restructuring for approximately 2.3 trillion won (135,000 cases) in overdue loans and wrote off approximately 1.5 trillion won (119,000 cases) in long-term overdue loans during the first half, supporting vulnerable debtors in returning to their daily lives and economic activities.

KB Financial Group has proposed additional targets, including 3.5 trillion won in private mid-interest rate loans and 500 billion won in preemptive write-offs of overdue loans before the statute of limitations expires, which were not included when the initial goals were set.

Including these, the group will provide approximately 7 trillion won in customized financial support this year.

The group also stated that it wrote off approximately 210 billion won in debt in the first half and plans to write off more than double that amount in the second half.

Hana Financial Group announced that it will launch a "Youth Jeonse Contract Security Insurance" in the second half of the year, which will be provided free of charge to young people vulnerable to Jeonse fraud when they take out Jeonse loans.

NongHyup Financial Group plans to establish the "NH Miso Finance Foundation" by contributing 100 billion won in the fourth quarter of this year to provide Miso Finance to farmers and young people returning to rural areas.

The FSC stated that it will continue to monitor the effective implementation of the five major groups' inclusive finance expansion plans and will pursue initiatives through the "Inclusive Finance Strategy Promotion Team," including the introduction of a comprehensive inclusive finance evaluation system, the designation of dedicated chief officers, the rationalization of soundness regulations, and the improvement of credit rating systems.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.