The Financial Services Commission in Seoul has reportedly reduced the maximum interest rates for loans offered by secondary lenders, such as savings banks, to individuals with mid- and low-level credit scores. The maximum rate on loans from mutual finances has been lowered from 10.5 percent to 10.22 percent for the second half of the year, while the maximum rate for midrange interest rate loans from savings banks has been reduced from 17.5 percent to 17.25 percent. These adjustments are made every six months based on the cost of funds for lenders, and are aimed at protecting individuals with lower credit scores. The move to lower maximum interest rates for certain loans by the Financial Services Commission in Seoul is intended to benefit individuals with mid- and low-level credit scores. The maximum rates for loans from mutual finances and savings banks have been decreased for the second half of the year, with adjustments made every six months based on the cost of funds for lenders. This regulatory action aims to safeguard individuals with lower credit scores and provide them with more favorable borrowing conditions.