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Korea

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 Businesses said on Sunday (7 September) that its survey of 471 SMBs in August indicated that only 9.7 per cent...

#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


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…

#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…

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