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Korea

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 to keep pace with advanced banking systems. Korea's 19 domestic banks are subject to the new Basel Accord designed to...

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…


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…

#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…

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