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South Korea Cuts Mid-Tier Loan Rate Ceilings for Card, Capital Companies on July 23

2026-07-23 00:58:41

According to Yonhap Infomacs, on July 23, South Korea's credit card and capital companies faced tightened conditions as mid-tier loan rate ceilings were lowered. Card companies' ceiling rates fell from 12.33% to 12.26% for the second half of the year, while capital firms' rates dropped from 15.50% to 14.37%. The financial regulator also delayed additional incentive measures, citing prioritization of household debt control over expanded lending stimulus.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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