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Promoting responsible lending practices on online peer-to-peer platforms builds market trust and deters the need for further regulation.
In the Republic of Korea, financial firms need to enhance the convenience of mobile services and ensure universal accessibility.
Managing household debt is becoming increasingly difficult for low-income households.
The Republic of Korea has been a leader in training government officials to be catalysts of economic development.
Companies and governments are devising strategies for how to manage the personal information of users of online services.
Solutions include lowering statutory maximum lending rates, expanding policy financing and mid-rate loans, increasing loans and loan guarantees.
Reforming the calculation of lending rates could improve delinquent loan collection.
Digital connectivity is a public good that can lead to new and sustainable growth areas and facilitate cross-border trade and remittances.
Teachers need to continuously hone their competencies to help students adapt to the changing needs of the times.
The Republic of Korea broadened access to skills development by simplifying support for training across employment statuses.