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The Financial Supervisory Service (FSS) said it will introduce the new Basel Accord, also known as Basel II, by 2007 to keep pace with advanced banking systems. Korea's 19 domestic banks are subject to the new Basel Accord designed to...
South Korean loans to small- and medium- sized enterprises (SMEs) are likely to have grown at a record low rate…
#bank#exports#smes
The Ministry of Commerce, Industry and Energy announced that it will expand foreign exchange risk insurance coverage for small- and…
Woori Bank, South Korea's second-biggest lender, has completed issuing US$166m worth of debts backed by a pool of low-grade corporate…
#ABN AMRO#bank#small business
South Korean bank lending to small-and medium-sized enterprises (SMEs) fell by the largest amount in over three years in November…
Citigroup Inc., the world's largest financial service company, said it has completed the acquisition of Lend Lease Korea Ltd., a…
#acquisition#bank#crisis
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
In a meeting with Bank of Korea (BOK) presidents of commercial banks said there is a possibility of active capital…
Corporate loans extended by South Korean banks last month rose for the first time in three months, despite sluggish lending…
#bank#banks
Korean exporters, especially small-and medium-sized companies (SMEs), are deeply concerned about their competitiveness on the global market as the US…
South Korean banks may cut back in lending to small businesses as they attempt to meet a new international rule…
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
Overseas direct investment by South Korean individuals surpassed the US$300m mark for the first nine months of the year, hitting…