SEOUL, Apr. 4 (Korea Bizwire) — President Yoon Suk Yeol said Thursday the government will ease the loans criteria for young families as part of efforts to boost the country’s dismally low birthrate. Under the plan, the government will raise the threshold for home purchase and rental loans for a newly married couple with a [...]
SEOUL, Oct. 17 (Korea Bizwire) – Thanks to the invigoration of fintech companies’ loan comparison services, it is estimated that non-banking financial institutions have reduced their annual commission burden by more than 10 billion won. According to the parliamentary inspection data submitted by the Financial Supervisory Service on Monday, the average commission rate that the nation’s five [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s financial regulator said Friday it will expand the disclosure of information on loan-deposit rate differences as part of efforts to promote competition in the banking sector amid criticism that it has been bent on making profits from the “interest business” without diversifying income sources. Banks have been [...]
SEOUL, Feb. 15 (Korea Bizwire) — Samsung Electronics plans to borrow more than US$15 billion from its display-making subsidiary to secure operational costs, the company has said. The South Korean tech giant said in a regulatory filing on Tuesday that it will borrow 20 trillion won (US$15.78 billion) from Samsung Display at an interest rate [...]
SEOUL, Dec. 13 (Korea Bizwire) — LG Energy Solution Ltd. said Tuesday its joint venture with U.S. General Motors Co. has secured US$2.5 billion through a loan program approved by the U.S. government, funding that will help finance the construction of three electric vehicle battery plants in America. The U.S. Department of Energy (DOE) finalized [...]
NEW YORK, Jan. 13 (Korea Bizwire) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $345 million loan to Cronin Development for the completion of a 22-story, 114-unit residential and retail condominium development at 150 Seaport Boulevard in [...]
HO CHI MINH CITY, VIETNAM, Sept. 20 (Korea Bizwire) — Proparco, the French Development Finance Institution, has granted a US$50 million loan to HDBank to finance green projects and promote sustainable development in Vietnam. It marks the first collaboration between Proparco and HDBank. A pioneer in green lending, HDBank has in past years helped foster [...]
NEW YORK, Sept. 14 (Korea Bizwire) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $450 million loan to The Rabsky Group, one of the largest residential and commercial developers in Brooklyn and Queens, to complete development of a [...]
NEW YORK, Nov. 23 (Korea Bizwire) – Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced that it successfully originated a $165 million loan to develop a 451-unit, multifamily project located at 1252-1270 Boylston Street in the Boston neighborhood surrounding Fenway Park. The [...]
New York, Nov. 12 (Korea Bizwire) – Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $50 million loan for Invesca Development Group (“Invesca”) to refinance the ENVY, a 214-unit, 11-story luxury rental building, in Pompano Beach, Florida. [...]