The Korean Factoring Industry

Sang-sul Ahn, Director General of the Structured Trade Finance Department at The Export-Import Bank of Korea , provides an overview of the factoring market in South Korea, covering industry environment, market performance, supply and future trends, for the World Factoring Yearbook 2011.

Difficult times ahead for SMEs

SMEs have been surviving the global financial crisis upon government support, but there could be difficult times ahead according to the country's leading financial think tank

Fines may go to supporting SMEs

Fair Trade Commission chairman Baek Yong-ho said yesterday he will consider using fines imposed on corporations for violations of fair trade regulations to support liquidity for small- and medium-sized enterprises.

IBK extending reduced rates to SMEs

Korea's state-run Industrial Bank of Korea (IBK) plans to lower its lending rate for smaller companies in an effort to help cash-strapped firms weather the slowing economy, its head said yesterday.