Korea

The Korea Land Corp (KLC) has increased its offering to Korean SMEs to help them overcome shortages in funding.

The government has pushed up loan guarantee levels for cash-squeezed exporters and SMEs.

The country's major banks have reached an agreement to provide up to 700 billion Korean Won in fresh loans to cash-strapped SMEs hit hard by the economic downturn

The South Korean government has unveiled additional measures to support cash-strapped SMEs

South Korea's Industrial Bank of Korea (IBK) intends to increase its loans to SMEs.  

The South Korean government and the Bank of Korea will inject a combined $16bn in foreign currency to exporters experiencing difficulty in obtaining export-import financing

The Bank of Korea has raised the ceiling on funds put aside for loans to smaller companies by KRW2.5tn (EUR1.38 bn)

The government will provide urgent loans of KRW30bn (EUR16.8m) to small- and medium-sized companies suffering losses from KIKO options

South Korea unveiled on Wednesday a package of steps aimed at helping smaller companies secure funds more easily in the face of a global credit crunch

The growth of Korean bank loans to companies sharply slowed in August as lenders tightened lending to smaller firms amid a slowing economy, the central bank announced.