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Korea

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 the slumping economy back onto the road of recovery by addressing the problems of household credit, small and mid-sized enterprises...

#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…


Smaller companies confidence downbeat

Small- and medium-sized enterprises (SMEs) predicted poorer business conditions in August, according to a survey on the business outlook of…


Receivables insurance guarding SMEs against serial bankruptcies

The long economic slowdown has increased sales of receivables insurance for small- and medium-sized businesses (SMEs). The Korea Credit Guarantee…


Government to scrap SMEs’ ‘non-competitive contract system’

Despite resistance from small businesses, the government has decided to repeal a controversial protective measure for small- and medium-sized enterprises…

#management#small business#small businesses


Government to enhance credit risk monitoring of SMEs

The government plans to enhance credit risk monitoring of companies with outstanding loans of 5 billion won (US$4.27 million) or…

#credit risk#risk#smes


SMEs owing mainly to banks

Small- and medium-sized enterprises (SMEs) have been found, on average, to owe debts to fewer than four financial institutions, the…

#bank#banks#financial institutions


SME cash flow crisis – banks told to give...

The Financial Supervisory Commission (FSC) has this week pressed financial institutions not to aggressively retrieve loans extended to small- and…

#banks#cash-flow#economic recovery


Government to spend US$80m to aid SMEs

The Korean government yesterday unveiled a set of measures aimed at bolstering the competitiveness of small- and midsize enterprises (SMEs)…

#economic recovery#guarantee#liquidity


A third of companies unable to pay interest on...

Despite aggressive corporate restructuring efforts since the financial crisis, nearly three in 10 domestic firms were still unable to pay…


Cases of suspected money laundering rise

The number of cases of suspected money laundering reported by financial service companies increased sharply this year, the Korea Financial…

Loan guarantee bodies join banks for SME workouts

Korea's banks and other financial institutions, especially the country's three major loan guarantee agencies, are to participate in a debt…

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