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Korea

Tax service gets tough on fake invoices

The National Tax Service is stepping up efforts to stamp out the trade in fraudulent invoices, which some traders use to under-report their income to tax authorities. The tax agency said yesterday that it had started tax investigations of 3,100...

#fake invoices#trade

Economy heading towards recovery

The South Korean economy is showing signs of recovery, including strong exports and positive expectations from large businesses, according to…

#bank#exports#GDP


EXIM to become core bank for international business

The Export-Import Bank of Korea (EXIM Bank) will focus primarily on opening up new markets in developing countries and expanding…

#bank#guarantees#international


EXIM Bank roadmap to double trade finance volume

The Export-Import Bank of Korea (EXIM Bank) said yesterday that it will increase its trade finance volume to 14 trillion…


Smaller companies downsizing bonuses

More small- and medium-sized companies plan not to offer a bonus for the Lunar New Year holidays. According to a…


More business owners optimistic, but doubts remain

A report released by The Bank of Korea (BOK) on Friday said 70 per cent of domestic businesses would begin…

#bank#Clear#digital


KOTRA to provide more export opportunities for SMEs

South Korea's top trade promotion agency said Monday it will try to provide more export opportunities to small- and medium-sized…


SME’s finances weak

Nearly 4 out of 10 small- and medium- sized domestic enterprises (SMEs) are unable to cover interest payments on their…


Small firm delinquencies rise

An economic recovery may be in store for Christmas, but domestic small- and medium-sized enterprises (SMEs) will not be joining…


Gimhae promotes exports of mid-sized companies in Eastern Europe

A delegation promoting exports from medium-size businesses in Gimhae, South Gyeongsang Province, have signed provisional contracts worth US$19m with importers…

#exports


First SMEs logistics base to open next year

Starting in January next year, Korea's first logistics base for small- and medium-sized enterprises (SMEs) is to go into operation…


SME loans soar in October

Outstanding corporate loans rose 2.6 trillion won in October, up from the 700 billion won rise in September, owing to…

Loans to small firms hits W36,000bn

The amount of loans extended by local banks to small and medium-sized firms (SMEs) grew significantly during the first 10…

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