financing Archives | Page 4 of 4

S. Korea to Limit Gov’t Financing on Int’l Events

SEJONG, Sept. 7 (Korea Bizwire) – South Korea’s government will limit state financing on costly international events hosted by provincial governments as part of its efforts to improve efficiency in budget spending, the finance ministry here said Wednesday. In a government meeting on fiscal strategy chaired by Finance Minister Yoo Il-ho in Seoul, the government [...]

“Loan Shark” or “Life Saver”? Pros and Cons of Private Money Lenders

SEOUL, Oct. 25 (Korea Bizwire) – A “loan shark” is a derogatory term referring to a person or body that offers loans at extremely high interest rates. Interest rates are so high that their lending practices are often being accused of exploiting a borrower’s financial troubles. Cash loans to people in dire need of money, [...]