News South Korea Loans: Variable-rate share in South Korea household loans climbs to 57.3%
The share of variable-rate loans steadily increased from 53.2% at the end of last year to 53.4% in January, 54% in March, and 55.2% in May this year. It reached 56.7% in July. By contrast, the share ...
News South Korea Loans: KBIZ and IBK expand SME mutual aid fund access across South Korea
Lee Chang-ho, head of the mutual aid business unit at Korea Federation of Small and Medium Enterprises, said, "Partnering with Industrial Bank of Korea (IBK) has created an opportunity to publicize ...
News South Korea Loans: South Korea cuts policy loan rate to boost corporate energy-efficiency investment
South Korea cuts policy loan rate to boost corporate energy-efficiency investment Lower rate aims to ease SME financing costs and spur upgrades through the Energy Use Rationalization Fund ...
News South Korea Loans: EDC supports first loan in South Korea with $200 million in financing for Lotte Shopping
Today, Export Development Canada (EDC) is announcing a $200 million loan to Lotte Shopping Co., Ltd., one of South Korea's largest and most diversified retail conglomerates. This marks EDC's first loan transaction in South Korea. It is also the inaugural deal between Lotte Shopping and EDC, following the Market Leadership Partnership (MLP) program Memorandum of Understanding (MOU) signed recently in September, which could provide up to US$500 million in EDC financial support for Lotte Shopping o
News South Korea Loans: South Korean bank lending shifts from households to businesses
Banks are shifting toward business finance as corporate lending and deposits rise sharply while household borrowing slows and deposits decline.
News South Korea Loans: South Korean savings-bank auto loans surge amid credit curbs
S. Korean savings banks issued $1.23 billion in auto-backed loans through July, fueling concerns credit curbs are pushing borrowers to costly lenders.
News South Korea Loans: South Korea card loans, cash advances jump 55% in March
April 21 (Asia Today) --Credit card loans and cash advances in South Korea surged more than 50% in March, signaling growing financial strain among households and raising concerns about rising credit ...
News South Korea Loans: South Korea audit faults farm policy loans
Korean audit agency said farm policy funds helped only five of 71 struggling agricultural companies recover and increased dependence on public money.
News South Korea Loans: South Korea expects to sign MOU for $1 bln soft loan to Egypt
South Korea expects to sign a memorandum of understanding for a $1 billion soft loan to Egypt during a visit by President Moon Jae-in, the Korean ambassador in Cairo said on Wednesday.
News South Korea Loans: S. Korea’s borrowing restrictions and higher interest rates increases number of buildings sold at court auctions
The number of buildings in South Korea put up for court auction has increased since October of last year following the governments introduction of stricter regulations for loans and higher interest ...
News South Korea Loans: S. Korea eyes bigger low-rate loans for emerging countries' projects
South Korea said Tuesday it will seek to provide low-rate loans up to 11.4 trillion won ($9.5 billion) to emerging countries for their projects by 2024. The government plans to set the yearly approval ...
