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Korea

Bond issue proceeds destined to SMEs

Woori Bank, South Korea's second-biggest lender, has completed issuing US$166m worth of debts backed by a pool of low-grade corporate bonds in Hong Kong. The proceeds will be used to help cash-strapped South Korean SMEs. Hannuri Investment & Securities and...

#ABN AMRO#bank#small business

S Korean bank loans to smaller firms plunge in...

South Korean bank lending to small-and medium-sized enterprises (SMEs) fell by the largest amount in over three years in November…


Citigroup in takeover to enter Korea’s NPL restructuring market

Citigroup Inc., the world's largest financial service company, said it has completed the acquisition of Lend Lease Korea Ltd., a…

#acquisition#bank#crisis


KOTEC acts as cheerleader for small firms

Around 3 million small-and medium-sized enterprises (SMEs) have been the backbone of the Korean economy. But many of them are…

#financial services#management#risk


Bankers warn capital outflow to bonds market heralds squeeze...

In a meeting with Bank of Korea (BOK) presidents of commercial banks said there is a possibility of active capital…


S Korean corporate loans rise for 1st time in...

Corporate loans extended by South Korean banks last month rose for the first time in three months, despite sluggish lending…

#bank#banks


SME exporters nervous about exchange rates

Korean exporters, especially small-and medium-sized companies (SMEs), are deeply concerned about their competitiveness on the global market as the US…


S.Korea's central banker warns of negative impact for SMEs...

South Korean banks may cut back in lending to small businesses as they attempt to meet a new international rule…


IBK lengthens loan maturity for SMEs

The Industrial Bank of Korea (IBK) on Monday announced it would extend the maturity of loans for small-and medium-sized enterprises…

#bank#smes#Two


Individual investment abroad tops US$300m in 9 months

Overseas direct investment by South Korean individuals surpassed the US$300m mark for the first nine months of the year, hitting…


Small business fund created

The state-run Small Business Corp. will establish a 20 billion won (US$17.9m) fund to help create jobs for small- and…

#Jobs#small business#smes


KDB to extend won 4.8 trillion in new loans

State-run Korea Development Bank (KDB) on Wednesday announced plans to provide 3 trillion won to small-and medium-sized enterprises (SMEs). In…

#bank#banks#smes

EXIM Bank Bonds rating assigned on government support and...

Standard & Poor’s (S&P) on Wednesday assigned an ``A-‘’ senior unsecured foreign currency debt rating to the Export-Import Bank of…

#bank#bonds#Exim Bank

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