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Korea

Economic environment for SMEs remains weak

The economic environment for small- and medium-sized enterprises (SMEs) has hit its lowest ebb in 13 months, reported the Korea Federation of Small and Medium Business (KFSB). The KFSB said its estimate was based on the latest small business health...

Corporate tax higher than in OECD nations

Korean businesses have been paying far higher corporate income taxes than the average paid in member nations of the Organization…


EXIM seeks to become core bank for international business

The Export-Import Bank of Korea (EXIM Bank) is seeking to become a core bank for international business, supporting the government’s…


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…

#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

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