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Financial Regulator Relaxes Repayment Rules for Loans for Small Business Owners

Financial Regulator Relaxes Repayment Rules for Loans for Small Business Owners

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 [...]