General

Early repayment charges to be lowered from mid-January next year

Early repayment charges on loans will be lowered from mid-January next year as financial regulators revised rules, officials said Wednesday.

Under the revised rules, lenders will only be allowed to collect the actual cost of making or handling the l…

Delivery app Baemin to raise commission fee for restaurants

Delivery app Baedal Minjok, or Baemin, said Wednesday it will raise its commission fee for restaurants that have registered for Baemin delivery services to 9.8 percent of food prices from next month.

Baemin has received 6.8 percent commissions from …