Korea Adjusts Lending Rules as P2P Sector Seeks Higher Investment Limits
Korean financial authorities have eased rules for mid-rate loans, impacting secondary financial institutions and the P2P lending sector. The P2P industry is calling for higher individual investment limits to support loan supply, citing a six-year cap of 40 million won. In July, P2P mid-rate loan originations rose by 100 billion won, with a delinquency rate below 1%.