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S. Korean Firms Shift from Bonds to Bank Loans amid High Rates

S. Korean Firms Shift from Bonds to Bank Loans amid High Rates

SEOUL, Aug. 29 (Korea Bizwire) — South Korean companies are choosing to reduce the issuance of corporate bonds and are instead turning to bank loans to secure funds during an unexpectedly prolonged period of high interest rates, data showed Monday. Net repayments in the corporate bond market have shown a consistent upward trend, with the [...]

Loans to Big Firms Drop as Debt Market Increasingly Polarized

Loans to Big Firms Drop as Debt Market Increasingly Polarized

SEOUL, Aug. 25 (Korea Bizwire) – As many large firms have been aggressively repaying their debts, bank loans to large companies dropped to a 10-month low in July. Unlike the increase in the number of bank loans to SMEs, large companies are turning to direct financing channels including bonds, commercial paper (CP) and stock issuance. According [...]

Bank Loans Customized for Small Business Owners Revive the Main Street

Bank Loans Customized for Small Business Owners Revive the Main Street

SEOUL, Korea, April 30, 2014 (Korea Bizwire) – New loans offered by commercial banks to small business owners are gaining popularity. According to banking sources on April 29, “Neighborhood Loan” given out to self-employed businesspeople was sold 20.3 billion won in 544 cases as of April 22, with an outstanding loan balance at 15.4 billion [...]