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Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by credit card companies. A growing number of SMEs are teetering on the brink of bankruptcy. “About 80 per cent of...
#bank#bankruptcy#banks
The lengthy economic slump has led to growing overdue small- and medium-size companies (SME) loans. According to financial sources, the…
Business start-ups that hire more than 10 employees will enjoy tax exemptions of up to 100 per cent over the…
#economy#interest rates#Jobs
The number of service businesses that defaulted on payments jumped last month. The Bank of Korea said yesterday that 401…
#bank
Bankers reacted negatively to the government's move to prod lenders to free up loans to consumers and small companies. A…
#bank#cash-flow#liquidity
Growing numbers of small- and medium-sized companies (SMEs) are experiencing a liquidity squeeze as a consequence of rising costs in…
#bank#cash-flow#digital
KOTRA's overseas offices, which serve as foreign branch offices for local small and medium enterprises (SMEs), helped chalked up US$1.02…
#exports#smes
Strong exports have been powering the manufacturing industry upturn, the state-funded Korea Development Institute (KDI) has reported. It said economic…
Small- and medium-sized enterprises (SMEs) and venture start-ups are increasingly contributing to South Korea's exports. Venture start-ups' exports grew 23.8…
The Ministry of Finance and Economy is trying to suppress money laundering by strengthening the powers of the Korea Financial…
The National Tax Service is stepping up efforts to stamp out the trade in fraudulent invoices, which some traders use…
#fake invoices#trade
The South Korean economy is showing signs of recovery, including strong exports and positive expectations from large businesses, according to…
#bank#exports#GDP
The Export-Import Bank of Korea (EXIM Bank) will focus primarily on opening up new markets in developing countries and expanding…
#bank#guarantees#international