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Hana Financial Signs MOU with Saudi Arabia’s EXIM Bank to Expand Cooperation

SEOUL, Sept. 26 (Korea Bizwire) — Hana Financial Group said Tuesday it has signed a preliminary agreement with Saudi Arabia’s Export-Import Bank (EXIM) to expand financial cooperation and support South Korean companies participating in Saudi Arabia’s national project. Hana signed a memorandum of understanding with the EXIM bank at the headquarters of Saudi Arabia’s National [...]

KDB, Exim Bank Struggle with Mounting Bad Loans

SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s two policy lenders have shouldered massive bad loans, estimated at 5.5 trillion won (US$4.75 billion), over the past five years, due to a series of collapses of big name companies during the economic slump, a report said Tuesday. The Korea Development Bank (KDB) and the Export-Import Bank of [...]