KIBO $3.5M Loan Misuse Exposes Strain in Korea’s Startup Credit System: 1 Officer for 250 Firms
South Korea’s startup credit ecosystem faces growing pressure after revelations that KRW 4.8 billion (~ USD 3.5 million) in guaranteed ...
Tag: Loan
Policy Gap Exposed: $1.8B in Penalties Reveal Korea’s Struggle to Channel Bank Capital into Innovation
Korea’s financial system is facing a critical test. Banks have been fined KRW 2.5 trillion (~ USD 1.8 billion) this ...
Korea’s SME Debt Reform Policies: Boost Credit Soundness and Recovery with Broader Market Implications
Korea is moving to overhaul how small business debt is managed, ending the long-standing practice of extending virtually uncollectible loans. ...
Lend a Helping Hand to Peers with Lendit
Emergence of online financial exchanges has created many alternate opportunities for lenders and borrowers. The recent Peer to Peer Lending ...