Standard & Poor's Ratings Services (S&P) announced yesterday that it had downgraded its outlook on the long-term credit rating for Kookmin Bank at BBB plus to ‘negative’ from ‘stable’.
Business conditions for local small- and medium-size enterprises (SMEs) are becoming increasingly unfavourable with the local economy showing no signs of recovery.
Annual exports by small- and medium-sized enterprises (SMEs) will top US$100 bn by 2007, the Small and Medium Business Administration (SMBA) predicted yesterday.
Due to the continuing economic slowdown, corporate bankruptcies rose to their highest level in 27 months in April, the Bank of Korea reported yesterday.
Standard & Poor's Ratings Services said yesterday that it is maintaining a stable outlook on most Korean banks, as it expects that banks will be able to sustain their financial standings over the medium to long term, despite expected-levels of det
Local banks, under pressure to scale back consumer lending to households and individuals, are scrambling to find alternative ways of managing their rising assets by expanding loan services to small and medium-sized enterprises (SMEs), industry sou
The number of small and mid-sized enterprises (SMEs) opening for business in November fell both from the previous month and from a year earlier, the Small and Medium Business Administration (SMBA) said yesterday.
Small and medium-sized enterprises (SMEs) will receive more tax deductions if they attract foreign capital or advanced technology.
As the winter commercial season nears, business sentiment among small- and medium-sized enterprises (SMEs) continues to drop, as it has for three straight months, said the Korea Federation of Small and Medium Businesses (KFSB) yesterday.
South Korea has paid back its debt to the IMF, cleaned up most of its bad loans and emerged as one of Asia's best-performing economies, with forecast growth of 6 per cent this year.
