Local Banks Reduce Loans to Large Companies

SEOUL, Jul. 20 (Korea Bizwire) — South Korea’s major banks reduced loans to large companies over the past year as they became more reluctant to lend to them amid a series of massive bankruptcies, industry data showed Sunday. Six lenders, including industry leaders Kookmin Bank and Shinhan Bank, extended a combined 95.7 trillion won (US$83.5 [...]