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Korea

Banks to tighten lending to smaller companies

With the nation's economic slump leaving a raft of companies behind on their debt payments, domestic banks are moving to further tighten their lending rules on smaller businesses. Kookmin Bank, the biggest loan provider for small- and medium-sized enterprises (SMEs)...

#bank#financial services#guarantees

Small firms to get help in going North

The Korea Federation of Small and Medium Business said on Monday (13 October) that it has formulated an arrangement with…


Overdue company loans rising

Overdue loan payments have been rising at domestic banks, which are still suffering the effects of the collapse in consumer…


Many small firms unable to withstand downturn for three...

More than half of the chief executive officers (CEOs) of the country’s small and medium sized enterprises (SMEs) say they…


SMEs business slump continues into August

Small- and mid-sized enterprises (SMEs) are struggling with the worst business conditions this year, with the August indicator for SMEs…


Industrial Bank of Korea to lend 1,000bn won to...

The Industrial Bank of Korea unveiled its plan yesterday (26 September) to provide a total of 1,000bn won ($865.8m) in…

#bank#bankruptcy#Clear


Business climate worsens for small companies

The business climate for local small- and medium-sized companies (SMEs) is growing more and more unfavourable. According to the Small…


Hiring plans by smaller firms remain consistent

More than half of domestic small-and medium-sized enterprises (SMEs) plan to hire in the second half of the year, according…


Manufacturers in exodus to lower production costs

The Korea Federation of Small and Medium Business (KFSM) said yesterday (18 September) that of 375 small- and medium-sized businesses…


Exports to Middle East boom after Iraq war

Exports to countries in the Middle East have shot up in recent months, making up for months of losses during…

#exports#international#International Trade


Liquidity cramp grips small firms

A liquidity shortage has been cramping the nation's small and mid-sized businesses (SMBs). The Korea Federation of Small and Medium…

#bank#banks#digital


SMEs exposed to foreign exchange risks

The Financial Supervisory Service (FSS) conducted a survey of 245 firms on foreign exchange risk management and only 64 per…

Small firms pessimistic on economic recovery

Local small- and medium-sized companies still think that business conditions will not recover any time soon, the Korean Federation of…

#exports#small business#small businesses

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