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Korea

Industrial Bank of Korea vows to keep lending to...

The state-owned Industrial Bank of Korea (IBK) said yesterday that it will continue to increase lending to small- and medium-sized enterprises (SMEs) in an effort to help them overcome the current economic slowdown. "A total of 19 trillion won (US$16.6bn)...

#bank#banks#economy

SME survey shows what managers think about current conditions...

In a survey of 1,761 small- and medium-size enterprises (SMEs) nationwide by the Industrial Bank of Korea, 41.9 per cent…

#bank#cash-flow#financial services


Citibank Korea targets SMEs to increase its market share,...

Citibank Korea, formed through the US group's US$2.7bn takeover of Koram, is aiming to lift its share of South Korea's…


Small firms time bomb for financial market

Korea's small- and medium-sized enterprises (SMEs) are a time bomb, which could shake the financial market due to surging overdue…

#bank#financial services#management


Korea Exim Bank to sell its 10.2% stake in...

The Export-Import Bank of Korea (Ex-Im Bank) has unveiled plans to sell its 10.2 per cent stake in Industrial Bank…

#bank#Exim Bank


Long-term rates fall

Long-term interest rates have dropped sharply to the point where they are below short-term interest rates, causing investors to snap…

#bank#bonds#interest


Korea's Exim bank provides US$354m to Indian power project

For its first loan to the Indian power sector, Korea's Export-Import Bank will provide US$354m to state-run National Thermal Power…

#bank#Exim Bank#i


Capacity utilization of S.Korea's SMEs dips in August

South Korea's small-and medium-enterprises (SMEs) saw their operating rate inch down in August from July following a prolonged business slump,…


Banks expected to post record yearly net profit

South Korean banks will likely post a record high net income of more than 7trillion won (about US$6.1bn) this year…

#bad debts#bank#banks


Financial regulators tighten grip

Regulators have strengthened the crackdown on unfair trading and irregular accounting after Yoon Jeung-hyun took office as chairman of the…


Government keeps tabs on SMEs’ financial woes

Minister of Finance and Economy Lee Hun-jai has ordered senior ministry officials to step up efforts to keep liquidity problems…

#bank#liquidity#smes


Exim Bank to finance investors in North Korea

The state-run Export-Import Bank of Korea will finance up to 70-90 per cent of accidental losses resulting from corporate investments…

Ex-Im Bank raises cap on re-lending loans to Kazakh...

The Export-Import Bank of Korea (Ex-Im Bank) announced Monday it has raised the ceiling on its relending facilities for two…

#bank#banks#exports

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