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Korea

S Korea's Exim bank to offer factoring to exporters

State-run Export-Import Bank of Korea said Monday it will provide 500 billion won (US$488m) this year to local exporters by purchasing their receivables at a discount as part of the South Korean government's efforts to boost exports. The policy bank...

#bank#credit risk#exporters

Won's appreciation impacts SME exporters

Eight out of every 10 export-centered small- and medium-sized enterprises (SMEs) have suffered from the rapid appreciation of the Korean…


EXIM Bank to expand trade financing to won 13.5...

South Korea's trade-related policy bank announced it plans to increase trade financing to won 13.5 trillion (US$13 bn) in 2005…


EXIM Korea announces plans to expand trade financing

The Export-Import Bank of Korea has announced that it plans to increase trade financing to 13.5 trillion won (US$13 bn)…


Government loans to target high-tech firms

The government said yesterday it would limit its special loans for small- and medium-sized companies (SMEs) to high-technology firms beginning…


Loans to SMEs in South Korea fall in December...

Loans to small- and medium-sized companies (SMEs) posted a record decline last month, as lenders were reluctant to extend loans…

#bank#SME loans#smes


Joint debt collection firm to be set up by...

Local financial services companies are set to establish a “joint debt collection firm” in the near future, in a bid…

#bank#debt collection#financial services


South Korea to increase loans to SMEs in 2005

The South Korean government will increase direct loans to small- and medium-sized enterprises (SMEs) in 2005, as private lenders have…

#banks#economy#management


IBK to lend 20 trillion won to SMEs

The Industrial Bank of Korea will lend 20 trillion won (US$19bn) to small- and medium-sized enterprises (SMEs) this year, up…

#bank#Boost#funding


Exim bank to boost lending and guarantees by 41%...

The Export-Import Bank of Korea, a state-run trade bank, said it will increase its lending by 41% to 24 trillion…


Introduce Basel II by 2007 – Financial Supervisory Service

The Financial Supervisory Service (FSS) said it will introduce the new Basel Accord, also known as Basel II, by 2007…


Korean loans to SMEs set to have grown at...

South Korean loans to small- and medium- sized enterprises (SMEs) are likely to have grown at a record low rate…

#bank#exports#smes

Gov't expands exchange risk insurance coverage for SMEs

The Ministry of Commerce, Industry and Energy announced that it will expand foreign exchange risk insurance coverage for small- and…

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