New Scheme to Allow Banks to Give Corporate Loans Based on CEO’s Ethical Performance

SEOUL, Nov. 18 (Korea Bizwire) – The government will provide long-term loans to small- and medium-sized enterprises based on ethical performance of their owners and CEOs. It will also allow banks to take controlling stakes in companies by making long-term loans longer than three years. On November 16, the Financial Supervisory Service announced a plan to introduce a [...]