Lending software for South Korea

A MyData market where NICE and KCB scores and super-apps drive digital credit. lendhero arrives with NICE, PASS and Kakao Pay already connected, so your team configures products instead of plumbing.

See the local stack
  • KRW (KRW)
  • Korean, English
  • 13 local connectors
  • 1–2 weeks to launch

Annyeong, Jiwoo

Approved5,000,000 KRW

751

Credit score

On-time payments

Monthly payment246,000 KRW

Market profile

South Korea at a glance

What lendhero is set up for in South Korea before your team logs in.

Currency

KRW (KRW)

Languages

Korean, English

Supervisor

Financial Services Commission

Credit data

NICE, KCB

Payout rails

Kakao Pay, Naver Pay, Bank transfer

Data protection

PIPA

13
local connectors wired in before kickoff
KRW
for pricing, payouts and repayments
1–2
weeks from kickoff to the first loan
2
interface languages: Korean, English

Working with borrowers in South Korea

Tools for every borrower conversation

Borrowers in South Korea apply, sign, pay and come back for repeat loans in Korean and KRW.

Applications in minutes

Borrowers apply on the web or in the app, and staff file applications from the back office. A half-filled form waits for them to come back.

New application

Draft saved
Step 2 of 4 · Personal detailsStep 2/4

Reminders that get read

Approvals, due dates and overdue notices go out by KakaoTalk and Infobip automatically.

Your application is approvedKakaoTalk
Your payment is due tomorrowInfobip
New receipt in your portalSMS

Rewards for repeat borrowers

Points for on-time payments, promo codes for campaigns and manual adjustments by staff.

WELCOMEfirst loan
Bonus balance1,240 pts

A portal for repeat loans

Repeat borrowers reapply without retyping data, extend or repay from their phone.

Extend loan
Repay early
Refinance

Contracts without paperwork

Loan agreements, extension requests and receipts are generated and e-signed in Korean.

Loan agreementSigned
Extension requestReady
Payment receiptDraft

Decisioning

Decisions in seconds, explained in plain words

Third-party and built-in checks run in one flow, for individuals and businesses. Every approval and decline shows the rules and scores behind it.

  • Every check in one passAnti-fraud, identification, credit bureaus, sanctions and digital footprint.
  • Rules you can readYour team can answer any borrower about why.

Application #48213

Jiwoo · Consumer loan, 6 months · 5,000,000 KRW

Approved
Credit score712
  • IdentityVerified
  • Anti-fraudPassed
  • Credit bureau712
  • Debt-to-income31%
  • Sanctions & watchlistsClear
Decision time28 s

Local stack

The South Korea stack, connected before kickoff.

lendhero ships with the connectors lenders in South Korea use every day, from NICE to Auto debit (CMS). New ones are added through the open API.

  • Credit bureaus & registries2 connectors
    • NNICE
    • KKCB
  • Identity & KYC2 connectors
    • PPASS
    • MMobile ID
  • Bank & alternative data1 connector
    • MMyData
  • Disbursement rails3 connectors
    • KKakao Pay
    • NNaver Pay
    • BBank transfer
  • Repayments & collections2 connectors
    • AAuto debit (CMS)
    • KKakao Pay
  • Messaging3 connectors
    • KKakaoTalk
    • IInfobip
  • E-signature2 connectors
    • PPASS
    • DDocuSign

Checks and payments

Who borrows and how money moves in South Korea

Applicants are checked with NICE and KCB, and money moves via Kakao Pay and Naver Pay.

Client checks

Checks connected in South Korea:

  • Anti-fraud servicesDevice, behaviour and blacklist checksPass
  • Identity verificationPASS, Mobile IDPass
  • Credit bureausNICE, KCBPass
  • Government registriesNational ID and tax registriesPass
  • Bank and alternative dataMyDataReview
  • Additional data sourcesTelco, open banking and your own listsAuto

Payment infrastructure

Payment rails connected in South Korea:

DisbursementKakao Pay, Naver Pay, Bank transfer in KRW
RepaymentAuto debit (CMS), Kakao Pay
Status checksEvery payment tracked until it settles
Reversals and refundsCancel or refund with a full audit trail
  • Kakao Pay
  • Naver Pay
  • Bank transfer
  • Auto debit (CMS)

Loan servicing

Every loan and every repayment on one screen

Edit terms, recalculate interest, apply penalties and follow the full schedule without exporting anything.

  • Automatic calculations for every loanInterest, fees and penalties in KRW are calculated by a dedicated engine with 200+ configurable parameters. Staff can still adjust any amount by hand, and every change is logged.
  • Loan products in minutesSet up consumer, instalment and business products with their rules and scenarios in the admin panel, without a release.
  • Notifications tied to every calculationEach due date, penalty and recalculation sends the right message to the borrower and your team.

Loan #48213

5,000,000 KRW

On track
Auto-calculated · 200+ parametersManual edit
Repaid 1,783,330 KRW of 5,350,000 KRW2 of 6 payments
DateAmountStatus
Sep 4891,670 KRWPaid
Oct 4891,670 KRWPaid
Nov 4891,670 KRWDue in 7 days
Dec 4891,670 KRWUpcoming
Jan 4891,670 KRWUpcoming
Reminder sentYour payment of 891,670 KRW is due Nov 4

Loan flow

How a loan runs in South Korea. Five steps, all local.

  1. 01ApplyBorrowers apply on the web, in the app or via KakaoTalk, with forms in Korean and English.
  2. 02VerifyIdentity and documents are checked through PASS and Mobile ID.
  3. 03DecideScorecards pull NICE and KCB data and return a decision in seconds.
  4. 04DisburseFunds go out via Kakao Pay or Naver Pay in KRW, straight after signing.
  5. 05CollectRepayments arrive via Auto debit (CMS) and Kakao Pay, with reminders over KakaoTalk.

Portals

One platform, three portals

Everyone works in the same system and sees only what their role allows.

My loan

5,000,000 KRW

Next payment

891,670 KRW · Nov 4

Pay now

Extend loan

Customer portal

Borrowers apply, repay, extend and track loans online.

Applications

JiwooVerifierApproved
Daniel O.AnalystReview
Maria L.RiskApproved
Tomas K.AnalystDeclined
Lena P.VerifierReview

Staff portal

Managers, analysts, risk, verifiers and collectors work side by side.

Role · Verifier

12 users
View applications
Verify documents
Approve loans
Edit loan terms
Export reports

Super-admin portal

Products, roles, permissions and rules change without a release.

Products

What lenders in South Korea launch on .

Consumer instalment loansPersonal loans with NICE and KCB scoring.
Business lendingLoans for small merchants on sales data.
P2P lendingOnline investment-linked lending.

Compliance

Configured for FSC and PIPA.

lendhero is software: the licence stays yours. We set the platform up for the rules you operate under in South Korea.

Hosting & data residency

Cloud or on-premise deployment, with data stored where PIPA requires.

Consent & privacy

Borrower consents are captured, versioned and logged under PIPA.

Pricing & disclosures

Rates, fees and cost-of-credit disclosures set per product for FSC rules.

Audit trail

Every decision, edit and message is logged for internal and external audits.

More markets in East Asia

All Asia markets

Questions

Frequently asked

Didn’t find the answer? Write to us and we’ll reply within one business day.

Can lendhero run a lending business in South Korea?+

Yes. The platform is set up for KRW, Korean and English and FSC requirements, with 13 local connectors ready on day one.

Which credit data sources are connected in South Korea?+

NICE, KCB. On top of that, identity checks run through PASS and Mobile ID and bank data comes from MyData.

How do borrowers get paid and repay?+

Payouts go out via Kakao Pay, Naver Pay and Bank transfer in KRW. Repayments arrive via Auto debit (CMS) and Kakao Pay, with reminders over KakaoTalk and Infobip.

How long does a launch in South Korea take?+

Usually 1–2 weeks from kickoff to the first loan, including connecting 13 local services, product setup, staff training and a test run.

Can we run several countries on one platform?+

Yes. One installation serves several countries, each with its own currency, products, languages and local connectors.

Book a demo

Lending in South Korea? Let’s plan the launch.

We’ll walk you through the platform, show what matters for your products and answer questions about your business.

  • A 30-minute call
  • A walkthrough on your products and markets
  • Answers on timeline, integrations and pricing

Tell us about your lending

We reply within one business day.

By sending this form you agree that lendhero may contact you about your request. See our Privacy Policy.