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Korea

Small Firms' Production Ratio Plunges

The operation ratio for small and mid-sized businesses (SMBs) has fallen to its lowest level in four years and six months since January 1999. In addition, a business survey index found that manufacturers are pessimistic on the prospects for the...

#digital#economy#SMBs

Financial laws reform timetable announced

Starting as early as 2006, financial firms, including banks and insurers, will be free to provide the same or similar…

#bank#international#management


US$666m trade surplus in July

South Korea posted a trade surplus of US$666 million in July, keeping in the black for a fourth consecutive month…


Bank lending to small firms swells

Corporate lending by local banks ballooned by 5.1 trillion won (US$4.3 billion) last month, as small- and mid-sized companies (SMEs)…

#bank#banks#smes


30% of firms reporting financial difficulties

“SMEs (small- and medium-size enterprises) are struggling with what they call their worst financial problems since the 1997 crisis, due…


Lending to SMEs tumbles in three months to May

Kookmin Bank, Korea's largest lender, lowered this year's target growth rates for corporate loans to less than 5 per cent,…

#bank#banks#leasing


Standard & Poor’s downgrades Kookmin Bank's Outlook Rating over...

Standard & Poor's Ratings Services (S&P) announced yesterday that it had downgraded its outlook on the long-term credit rating for…

#bank#risks#smes


SMEs struggle in a worsening economic environment

Business conditions for local small- and medium-size enterprises (SMEs) are becoming increasingly unfavourable with the local economy showing no signs…


Exports by SMEs to exceed US$100 bn by 2007

Annual exports by small- and medium-sized enterprises (SMEs) will top US$100 bn by 2007, the Small and Medium Business Administration…

#exports#international#smes


Corporate bankruptcies hit 27-month high

Due to the continuing economic slowdown, corporate bankruptcies rose to their highest level in 27 months in April, the Bank…


Local banks may tighten their approach to SMEs

Standard & Poor's Ratings Services said yesterday that it is maintaining a stable outlook on most Korean banks, as it…


Banks rush to expand lending to SMEs

Local banks, under pressure to scale back consumer lending to households and individuals, are scrambling to find alternative ways of…

Number of SMEs falls

The number of small and mid-sized enterprises (SMEs) opening for business in November fell both from the previous month and…

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