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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
The Korean government is planning to end the blacklisting of credit delinquents by the end of the year, the Ministry…
#banks#economy#WHO
The Bank of Korea unexpectedly cut the key interest rate by a quarter of a percentage point. It is the…
Small- and medium-sized enterprises (SMEs) predicted poorer business conditions in August, according to a survey on the business outlook of…
The long economic slowdown has increased sales of receivables insurance for small- and medium-sized businesses (SMEs). The Korea Credit Guarantee…
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
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
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
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
The Korean government yesterday unveiled a set of measures aimed at bolstering the competitiveness of small- and midsize enterprises (SMEs)…
#economic recovery#guarantee#liquidity
Despite aggressive corporate restructuring efforts since the financial crisis, nearly three in 10 domestic firms were still unable to pay…
The number of cases of suspected money laundering reported by financial service companies increased sharply this year, the Korea Financial…
Korea's banks and other financial institutions, especially the country's three major loan guarantee agencies, are to participate in a debt…