Woori Card Launches 'Advance Payment Service' for Small Sellers on Online Shopping Malls
Immediate Loan Up to 90% of Sales Amount
Maximum 500 Million KRW, Fixed Interest Rate of 6.9% per Year Applied
[Asia Economy Reporter Ki Ha-young] Woori Card announced on the 8th that it has partnered with fintech startup SCM Solution to launch the industry's first 'advance settlement service' for small and medium sellers on online shopping malls.
This service provides immediate loans up to 90% of the sales amount (maximum 500 million KRW, fixed annual interest rate of 6.9%) to small business owners operating in online shopping malls. The entire process, from application to document submission, is conducted online, allowing convenient use without visits.
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A Woori Card official said, "We are running a one-month interest-free benefit event for customers who newly subscribe to the advance settlement service until the end of next month," adding, "We started the service targeting small business owners on the social commerce platform Wemakeprice, and are preparing to expand the service scope to open markets in the future."
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