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S. Korea SME Lending Surges $8B

For the first time in history the amount of SME loans from nonbank lenders has surpassed the 90 trillion won mark, according to Bank of Korea. South Korean nonbank financial institutions' lending to smaller firms surged nearly 10 trillion won ($8.8 billion) in the first four months of the year amid tighter government control on household loans. Nonbank lenders' outstanding loans to small and medium enterprises came to 90.7 trillion won as of the end of April, up 9.9 trillion won from the end of last year.

Bank loans to SMEs in Korea surge on new rule to promote corporate loans

Bank lending to small- and medium-sized enterprises in South Korea surged nearly 30 trillion won ($25 billion) over a year on new regulations aimed to increase funding for the smaller business sector and contain household loans. Market analysts attributed the surge in banks’ SME loans to the country’s new loan-to-deposit ratio (LDR) rule, requiring lenders to increase loans to companies and reduce the share of consumer loans.

News via The Pulse News Korea
 

SME loans from nonbank lenders soar amid restructuring in South Korea

A growing number of small and medium enterprises (SMEs) in South Korea are turning to high-interest loans from nonbank lenders as banks tighten their loan screening, data showed Tuesday.
As of end-October, outstanding SME loans from nonbank financial institutions came to 76.6 trillion won ($64.4 billion), up 31.2 percent from a year earlier, according to the data by the central Bank of Korea. The amount also marks a 2 percent increase from the previous month.

KODIT Global Forum on SME Finance

KODIT, Korea Credit Guarantee Fund, will hold the global forum on 12 May 2016 to celebrate the 40th anniversary of its foundation and listen to the precious ideas for growing into one of the most influential SME finance institutions around the world.

The forum is gathering world-renowned panelists from each continent and professionals of SME finance from home and abroad. They will share their experiences and ideas about many kinds of finances to SMEs including Credit Guarantee Scheme (CGS).

Six securities firms named SME investment specialists in Korea

Six securities firms have been designated as specializing in investing in small and medium-sized enterprises (SMEs), the Financial Services Commission (FSC) announced Friday. The FSC said that it has named IBK Securities, Yuanta Securities Korea, Eugene Investment & Securities, KB Investment & Securities, Korea Asset Investment & Securities and Kiwoom Securities as SME-specialized investors after assessing 13 firms that applied for the designation. Those selected companies will be subject to financial support from state-run institutions after investing in SMEs for two years.

Asian SME Conference 2014

Conference Theme: Globalization - Doing Well and Doing Good

Globalization offers unique opportunities for SMEs in new markets to improve economic conditions. To be successful, SMEs must adopt a continuous innovation approach to face not only the new social challenges, but also the old challenges that have not yet been overcome.

Architecture for Effective SME Financing in Korea

Dr. Hyoung-Tae Kim, President of the Korea Capital Market Institute, shares his insights on how South Korea can improve financing for SMEs. Small and medium-sized enterprise (SME) financing has been an issue of growing importance in Korea and the world. Recently, the Korean government has implemented new policies regarding SMEs, while new ideas on SME financing has been spurred among the public. What is Korea's SME policies, particularly related to SME financing? What is the growth trajectory for Korea's SME industry? What are challenges and policy recommendations for SME financing?

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