SEOUL, July 3 (Korea Bizwire) — Some 3 million people are struggling to maintain a minimum standard of living due to their debt and the repayment of loans with interest, a central bank report said Sunday. According to a report from the Bank of Korea, which was submitted to Rep. Yang Kyung-sook of the Democratic [...]
SEOUL, Feb. 9 (Korea Bizwire) — Banks will be encouraged to keep the loans they extended to small business owners and merchants until the date of maturity without withdrawing them all at once, even when such businesses are shut down, South Korea’s financial regulator said Monday. The Financial Services Commission (FSC) announced that such a [...]
Seoul, Korea, Mar. 13 (Korea Bizwire) – Citibank Korea (CEO Ha, Yung-ku) had a signing ceremony with the Microcredit Joyful Union (President, Jeong, Myeong-gi) for ‘2014 Citibank Korea – Joyful Union Support for Microcredit Business’ in the boardroom on the 10th fl. of Citibank Korea on Mar. 13, 2014. At the signing ceremony, Citibank Korea delivered [...]