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Korea

Overdue SME loans soaring

The number of overdue loans to small- and medium-sized enterprises (SMEs) jumped by nearly 50 per cent in the first four months of the year, due to worsening cash flow problems caused by the prolonged economic slump. According to financial...

#bank#credit risk#insolvency

Three-quarters of firms have no ratings, rely on bank...

Three out of four firms listed on the Korea Stock Exchange (KSE) had no credit ratings from domestic credit rating…

#bank#banks#insolvency


Two-thirds of small firms shut within 5 years

Approximately two-thirds of small- and medium-sized enterprises (SMEs) go out of business within five years, the Korea Credit Guarantee Fund…

#guarantee#investment#management


Banks slowing down loans to small firms

Banks are slowing down loans to small- and medium-sized enterprises (SMEs) this year. According to eight commercial banks, including Kookmin…


Banks lending even more to SMEs

Despite the sharp rise in the ratio of overdue loans outstanding at small- and medium-sized companies (SMEs) this year, domestic…


New Export Insurance Corporation Boss

The government has announced the appointment of Kim Song-woong as head of the Korea Export Insurance Corporation (KEIC). Kim, incumbent…

#export credit insurance#exports#guarantees


Bank of Korea warns of increased financial risks for...

The Central Bank of Korea (BOK) on Monday predicted there could be a series of bankruptcies of small companies and…

#bank#exports#international


Korea to become world’s 8th-largest exporter by 2010

Commerce-Industry-Energy Minister Lee Hee-beom has predicted that exports will more than double to $400 billion in 2010 from $193.8 billion…

#exporters#exports#international


Credit anxiety looms for SMEs

Anxiety over credit problems in small- and medium-sized companies (SMEs) is increasing, as 67 per cent of loans to those…

#bank#banks#economy


Industrial Bank of Korea leads export factoring market

In South Korea, factoring arrangements are essentially corporate credit facilities based on trade bills, accounts receivable and consumer credits. International…

#bank#exporters#international


SMEs facing financial crisis

These days small- and medium-sized businesses (SMEs) are undergoing a financial crisis worse than that of 1997. While large companies…

#bank#cash-flow#Paid


Indicator of small-business financial health worsens in Q1

The ratio of overdue bank loans owed by South Korea's small- and medium-sized businesses (SMEs) rose 0.7 percentage point to…

South Korean SME income expected to double this year

A new equity fund has been set up to tap into growing investor interest in small- and medium-sized South Korean…

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