Smaller companies experience liquidity squeeze
Growing numbers of small- and medium-sized companies (SMEs) are experiencing a liquidity squeeze as a consequence of rising costs in raw materials, labour and logistics.
Growing numbers of small- and medium-sized companies (SMEs) are experiencing a liquidity squeeze as a consequence of rising costs in raw materials, labour and logistics.
KOTRA's overseas offices, which serve as foreign branch offices for local small and medium enterprises (SMEs), helped chalked up US$1.02 billion worth of exports by Korean SMEs, said the Ministry of Commerce, Industry and Energy (MOCIE) on Wednesd
Strong exports have been powering the manufacturing industry upturn, the state-funded Korea Development Institute (KDI) has reported.
Small- and medium-sized enterprises (SMEs) and venture start-ups are increasingly contributing to South Korea's exports.
The Ministry of Finance and Economy is trying to suppress money laundering by strengthening the powers of the Korea Financial Intelligence Unit. The agency, two years old, is charged with compiling information on dubious transactions.
The National Tax Service is stepping up efforts to stamp out the trade in fraudulent invoices, which some traders use to under-report their income to tax authorities.
The South Korean economy is showing signs of recovery, including strong exports and positive expectations from large businesses, according to a report by the Korea Development Institute (KDI).
The Export-Import Bank of Korea (EXIM Bank) will focus primarily on opening up new markets in developing countries and expanding financial aid for small- and medium-size enterprises (SMEs), according to the head of the nation's export credit agenc
The Export-Import Bank of Korea (EXIM Bank) said yesterday that it will increase its trade finance volume to 14 trillion won (US$11.80bn) by 2006, up 54 per cent from 2003.
More small- and medium-sized companies plan not to offer a bonus for the Lunar New Year holidays.