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Korea

Row over small-business loans

The government and commercial banks are lashing each other over the issue of financial support for small- and medium-sized companies (SMEs). At a meeting at the Korea Federation of Banks bankers criticized the government for pressuring them to lend more...

#banks#smes

Investment in Korea up in 2003

Foreign direct investment in Korea last year reached US$3.7 bn, which represented a 28 per cent increase compared to 2002,…


Korean Ex-Im Bank lifts ceiling on lending to Kazakh...

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

#bank#banks#exporters


Fund to aid smaller technology firms

For the first time, the government and large corporations are organising a special fund to help small- and medium-sized businesses.…

#investment#management#small business


Commercial loans show net decline in August

Despite the Bank of Korea's key interest rate cut early last month, fewer commercial loans were provided than were repaid…

#bad debts#bank#banks


SMEs to remain ‘protected’ until 2006

A long-running protective system for small- and medium-sized enterprises (SMEs), which was due to end this year, will be extended…


Banks set up 110 billion won fund to aid...

According to the Korean bank, Woori Bank and US investment bank Merrill Lynch will jointly establish a private equity fund…

#bank#banks#management


Manufacturers’ confidence falls to 12-month low

A number of producers still predict the economic slowdown will continue with pessimism growing among small- and medium-sized enterprises (SMEs),…

#bank#economy#exporters


Small firms' confidence worsening

The business confidence of small companies is expected to continue to fall thoughout September, according to a report by the…

#exports#small business#small businesses


Regulator warns of rise in bad loans, SMEs particularly...

South Korea's financial regulator has warned that bad loans at local banks may rise again after a fall in the…

#bad debts#bank#First Bank


Banks urged to play active role in solving SME...

Financial Supervisory Commission chairman Yoon Jeung-hyun on Thursday called on domestic banks to take a more active role in leading…

#bank#cash-flow#exports


Credit ‘blacklist’ to be scrapped

The Korean government is planning to end the blacklisting of credit delinquents by the end of the year, the Ministry…

#banks#economy#WHO

Key interest rate lowered

The Bank of Korea unexpectedly cut the key interest rate by a quarter of a percentage point. It is the…

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