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Korea

SMEs demand for loans rises in Q3

Data from Korea's financial regulator and the central bank show that small- and medium-sized companies continue to take out corporate loans. The Financial Supervisory Service announced that (more…)

New Eximbank head pledges support for small exporters

Small business is big business for the Eximbank of Korea. As the official export credit agency, the Eximbank strives to…

#bank#exporters#guarantees


State insurer aims to bring smiles to exporters

Korea needs to be open to change and exploring new territory to survive in the global marketplace, said the head…

#bank#exporters#management


Strong won pulls exporters under

Based on a study by the Commerce Ministry covering 1988 to 2005, for every 10 per cent the Korea won…


Banks boost lending to SMEs

Korean banks boosted lending to small- and medium-sized enterprises (SMEs) during the second quarter of 2006 after the government tightened…

#bank#banks#Boost


Kaesong entrepreneurs meet Credit Guarantee Fund representatives on inspecton...

Last month, the Finance Ministry announced the government would give loan guarantees of up to won 10bn (US$11m) per company…


Seoul to give credit guarantees for manufacturers at Kaesong

The Korea Credit Guarantee Fund, a government-owned fund, will guarantee loans extended by banks and other financial institutions. The guarantees…


Phased liberalisation of insurance guarantee market anticipated

The Korea Development Institute presented a plan about opening Korea's guarantee insurance market, currently a monopoly of the state-run Seoul…

#guarantee#insurance


Key interest rate increased

Korea's central bank raised the nation's benchmark interest rate, the first in four months (more…)

#bank#interest#interest rate


Korean SMEs ranked third most competitive in Asia

Asian firms think Korean small- and medium-sized companies (SMEs) are the third most competitive in Asia following those (more…)

#economy#smes


Eximbank of Korea sees opportunities in Africa

The Export-Import Bank of Korea (Eximbank), South Korea's official export credit agency, is stressing to Korean companies and investors that…

#African Development Bank#bank#guarantees


Banks rely too much on collateral

South Korean banks are still reluctant to extend loans to companies on the basis of their credit analysis of borrowers…

Loans to companies reach record high

Korean banks' lending to small- and medium-sized companies (SMEs) reached an all-time high last month, the country's financial watchdog announced…

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