Credit anxiety looms for SMEs
Anxiety over credit problems in small- and medium-sized companies (SMEs) is increasing, as 67 per cent of loans to those companies expire this year.
Anxiety over credit problems in small- and medium-sized companies (SMEs) is increasing, as 67 per cent of loans to those companies expire this year.
In South Korea, factoring arrangements are essentially corporate credit facilities based on trade bills, accounts receivable and consumer credits.
These days small- and medium-sized businesses (SMEs) are undergoing a financial crisis worse than that of 1997. While large companies have profited from recent export increases, the nation's SMEs are struggling with debt.
The ratio of overdue bank loans owed by South Korea's small- and medium-sized businesses (SMEs) rose 0.7 percentage point to 2.8 per cent during the first quarter, illustrating the deteriorating finances of the local business community amid a prot
A new equity fund has been set up to tap into growing investor interest in small- and medium-sized South Korean companies.
Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by credit card companies.
A growing number of SMEs are teetering on the brink of bankruptcy.
The lengthy economic slump has led to growing overdue small- and medium-size companies (SME) loans.
Business start-ups that hire more than 10 employees will enjoy tax exemptions of up to 100 per cent over the next five years.
The number of service businesses that defaulted on payments jumped last month. The Bank of Korea said yesterday that 401 firms of all kinds were delinquent in payments last month, up 27 per cent from January.
Bankers reacted negatively to the government's move to prod lenders to free up loans to consumers and small companies.