Shinhan Bank Launches Special Sale of Senior-Focused 'SOL Mate Time Deposit' Offering Up to 3.2% Shinhan Bank is accelerating its efforts to target the senior market.According to the financial sector on June 15, Shinhan Bank has begun the third special sale of its senior-focused deposit product, the 'Shinhan SOL Mate Time Deposit.'The Shinhan SOL Mate Time Deposit is a 12-month fixed deposit product designed for customers aged 50 and older. The first and second sales each saw a limit of 500 billion won fully subscribed within ten days. The third sale will also have a limit of 500 billion wo June 15, 2026

NH Nonghyup Capital Launches Auto Loan Refinancing Product Amid High Interest Rates NH Nonghyup Capital has introduced a refinancing product for customers currently using auto collateral loans from other financial institutions. The initiative aims to help consumers reduce their financial costs by allowing them to switch to lower interest rates.On June 15, NH Nonghyup Capital announced that it is launching a refinancing product that enables customers to transfer their existing auto collateral loans to more favorable terms.Customers with auto collateral loans from other financial June 15, 2026

Retirement Pension Funds Surpass 500 Trillion Won, 70% Remain in Deposits Retirement pension reserves have exceeded 500 trillion won, but a significant portion remains concentrated in deposit-type products. Despite being long-term funds for retirement, structural issues have persisted due to inadequate systems and services. According to the Financial Supervisory Service, as of the first quarter of this year, retirement pension reserves totaled approximately 508 trillion won. Of this amount, 363 trillion won, or 71.3%, was invested in guaranteed deposit products June 15, 2026

Korea to Supply 790 Trillion Won in Climate Finance by 2035 Financial Services Commission Chairman Lee Ok-keun met with Dame Susan Langley, the Lord Mayor of the City of London, to discuss expanding financial cooperation, including climate finance, between Korea and the UK. The Financial Services Commission announced that the meeting took place on June 15 at the Government Complex in Seoul. Langley noted that since the conclusion of the Korea-UK Free Trade Agreement negotiations in December, opportunities for collaboration in capital markets and June 15, 2026

Retirement Pension Fees Can Significantly Impact Your Returns When selecting retirement pension products, subscribers typically focus on returns, but another crucial factor is fees. Even with similar returns, the fees can differ significantly, sometimes by dozens of times, making it essential to consider costs as well. An analysis of the Financial Supervisory Service's disclosure data on retirement pension providers revealed substantial disparities in fee burdens, even among similar types of plans. The fee burden refers to the costs incurred by subs June 15, 2026

What Hyun-mi Kim Left Behind and What Yoon-deok Kim Must Prove The real estate market is difficult to navigate, and homeownership is challenging. In June 2017, the Moon Jae-in administration launched efforts to control housing prices. The government designated all of Seoul as a speculative zone under the 8·2 measures, imposed higher capital gains taxes on multiple homeowners, and announced plans for a reconstruction excess profit recovery system. It also significantly reduced loan limits to curb leverage, with the official rationale being to protect June 15, 2026

Shinsegae Group to Provide History and Social Sensitivity Training After Starbucks Controversy In response to the recent marketing controversy surrounding Starbucks Korea's so-called "Tank Day," Shinsegae Group has announced plans to conduct history awareness and social sensitivity training for all employees. This initiative will include management from Shinsegae Group, Starbucks headquarters staff, and store partners. It marks the first time since the launch of Starbucks Korea in 1999 that all stores will close early for such training. This action goes beyond mere damage cont June 15, 2026

NongHyup to Forgive 887.6 Billion Won in Delinquent Loans, Support 90,000 Vulnerable Individuals NongHyup will forgive 887.6 billion won in delinquent loans to support vulnerable populations. Additionally, the organization plans to provide over 15 trillion won in inclusive finance over the next five years to expand financial support for low-income individuals and farmers.On June 15, the NongHyup Central Association announced that it will forgive and write off a total of 887.6 billion won in long-term delinquent loans this year, aligning with the government's inclusive finance policy. This i June 15, 2026

Defense Ministry Calls Report on Teachers Visiting Chinese War Memorial a Serious Error The Defense Ministry stated it is investigating reports that the War Memorial Foundation considered including a visit to the Chinese "Anti-American Aid Memorial" in a training program for teachers. During a regular briefing on the 15th, Defense Ministry spokesperson Jeong Bit-na said that an audit is currently underway regarding the program and added, "Regardless of the reasons, the decision to review related schedules is considered a serious error by the Defense Ministry." She continued, "We wi June 15, 2026

Sweden Dominates Tunisia 5-1 to Lead Group F at 2026 FIFA World Cup Sweden displayed an impressive offensive performance, defeating Tunisia 5-1 in their opening match of Group E at the 2026 FIFA World Cup on June 15 at the Estadio Monterrey in Mexico. Returning to the World Cup stage for the first time since 2018, Sweden increased its chances of advancing from the group stage. They currently lead Group F, surpassing Japan and the Netherlands, who played to a 2-2 draw in their earlier match. Group F has been labeled the 'Group of Death' due to its competiti June 15, 2026