Financial support Archives | Page 2 of 2 | Be Korea-savvy
Samsung Affiliates Extend 2.6 tln Won to Virus-hit Suppliers

Samsung Affiliates Extend 2.6 tln Won to Virus-hit Suppliers

SEOUL, Feb. 9 (Korea Bizwire) — Samsung Group’s affiliates will extend 2.6 trillion won (US$2.2 billion) in financial support to their subcontractors to help them weather the fast-spreading coronavirus, the group said Sunday. Samsung Electronics Co., Samsung Display Co. and Samsung Electro-Mechanics will jointly extend 1 trillion won worth of loans at zero or low [...]

Gov’t to Offer Financial Support for Hanjin Shipping’s Contractors

Gov’t to Offer Financial Support for Hanjin Shipping’s Contractors

SEOUL, Sept. 5 (Korea Bizwire) – South Korea said Monday it will extend financial support for the contractors of Hanjin Shipping, the nation’s largest container shipping line under court receivership.  The government plans to use funds from the newly-allocated supplementary budgets to help those firms, especially small and medium-sized ones with relatively good financial health [...]