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Korea

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 change in its largely supportive policies for local entrepreneurs since the Asian financial crisis. The Ministry of Planning and Budget said...

#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


S Korean smaller manufacturers eye better business in second...

Business confidence for small- and medium-sized enterprises (SMEs) in South Korea hit a three-year high for the coming quarter, a…

#bank#economic recovery#economy


Corporate failures lowest in 15 years

A total of 260 small- and medium-sized enterprises (SMEs) nationwide went bankrupt in February, the lowest level in 15 years,…

#bank#Bill#smes


Korea Development Bank to aid small firms

Korea Development Bank, the nation's largest state-owned lender to companies, said it will offer 5000bn won (US$5bn) in loans this…


EXIM lends US$18m to Swiss shipping firm

The Export-Import Bank of Korea said it has signed a contract with a Swiss shipping company to lend US$188 million…

#bank#exporters#exports


Banks bad loan ratio falls

Commercial banks have reduced bad loan ratios as they strengthened credit analyses and cut loans to borrowers with low credit…

#bank#banks#economy


Industrial Bank to increase lending to small firms

Industrial Bank of Korea, the nation's biggest lender to small companies, announced its plans to increase lending to these clients…

#bank#Boost#economy


‘Most S Korean export-oriented SMEs suffer from strong Won’...

The majority of South Korea's export-oriented small- and medium-sized enterprises (SMEs) are suffering from worsened profitability due to the Korean…


Banks remain reluctant to lend to SMEs – Bank...

South Korean banks remained reluctant to make loans to small- and medium-sized enterprises (SMEs) in February despite emerging signs of…


Posco to support small firms

Posco has decided to provide an array of support programs for small- and medium-sized enterprises (SMEs) this year to become…

S Korean government to invest US$998m to help venture...

The government plans to invest 1 trillion won (US$998m) into fund of funds (FoFs) that will provide money to venture…

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