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Loan companies tighten screening as Korea’s 20% rate cap squeezes lending

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  • Loan companies are tightening screening as rising funding costs compress lending profitability.
  • 17 of 21 companies reported average new credit-loan rates of 20% annually.
  • Registered loan companies declined by more than 400 to about 7,200 by June.
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Loan companies tighten screening as Korea’s 20% rate cap squeezes lending - CoinPost Terminal