The Export-Import Bank of Korea (EXIM Bank) is seeking to become a core bank for international business, supporting the government’s vision of entering the league of advanced economies, according to the head of the nation’s export credit agency.
With the nation's economic slump leaving a raft of companies behind on their debt payments, domestic banks are moving to further tighten their lending rules on smaller businesses.
The Korea Federation of Small and Medium Business said on Monday (13 October) that it has formulated an arrangement with the Korea Technology Credit Guarantee Fund to help small enterprises in their bids to do business in North Korea.
Overdue loan payments have been rising at domestic banks, which are still suffering the effects of the collapse in consumer spending that battered smaller companies heavily dependent on domestic sales, recent industry data indicated.
More than half of the chief executive officers (CEOs) of the country’s small and medium sized enterprises (SMEs) say they will be unable to run their business for more than three years if the economic slump continues, according to the Korea Federa
Small- and mid-sized enterprises (SMEs) are struggling with the worst business conditions this year, with the August indicator for SMEs falling below 70 per cent for the seventh consecutive month.
The Industrial Bank of Korea unveiled its plan yesterday (26 September) to provide a total of 1,000bn won ($865.8m) in special loans to help small- and medium-sized companies (SMEs) out of their financial troubles.
The business climate for local small- and medium-sized companies (SMEs) is growing more and more unfavourable.
More than half of domestic small-and medium-sized enterprises (SMEs) plan to hire in the second half of the year, according to a report released yesterday by an online recruiting firm.
The Korea Federation of Small and Medium Business (KFSM) said yesterday (18 September) that of 375 small- and medium-sized businesses (SMBs) it surveyed in the country 115 indicated that they have been refining plans to relocate, and 27 have alrea
