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Korea

Eximbank launches factoring services to support export

Many Korean companies are competitive. But they cannot survive without the proper finance (more…)

#bank#exporters#financial services

International economist highlights need to focus on SME sector...

The weakening small- and medium-sized enterprise (SME) sector is the most pressing issue to be resolved to help the Korean…


Industrial Bank refinances loans at lowest premium for 7...

Industrial Bank of Korea, the nation's biggest lender to small businesses, announced it has refinanced US$200 m in loans at…

#ABN AMRO#bank#interest rates


IBK establishes status as leading bank in financing small...

The Industrial Bank of Korea (IBK) is committed to financing small- and medium-sized enterprises (SMEs) in the belief (more…)


Smaller firms pessimistic about August outlook – survey

South Korea's small- and medium-sized businesses (SMEs) are pessimistic about their business outlook for August, due to continued (more…)


Exim sues Citibank for Daewoo Debt Guarantee

The Export-Import (Exim) Bank of Korea said it has filed a lawsuit against Citibank Korea, claiming damages totalling (more…)

#bank#Exim Bank#First Bank


Banks warned to strengthen credit risk evaluations or risk...

Korean banks need to become more cautious in extending loans to small- and medium-sized enterprises (SMEs) as loans without proper…

#bank#exporters#exports


Government tightens restrictions on SME credit guarantees

From next year, nonviable companies and businesses on long-term support programmes sponsored by state-run credit guarantee funds may not be…

#crisis#guarantee#guarantees


Government fund to aid small firms

The Ministry of Commerce, Industry and Energy said it will raise the fund by issuing (more…)


Chohung launches “Go Together” SME loans programme

The program is aimed at preventing SMEs from falling into insolvency by offering (more…)


Small firms to receive less public assistance

The central government announced it will scale back its financial aid to small- and medium-sized companies (SMEs) here, signalling a…

#funding#guarantee#guarantees


South Korean banks to adopt electronic letters of credit

South Korean banks agreed to participate in local electronic letter of credit services from July to help small- and mid-size…

#bank#international#International Trade

Basel II accord unlikely to curb S Korean lending...

A new international agreement on banks' capital adequacy is unlikely to sharply cut their lending to smaller companies, South Korea's…

#bank#banks#international

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