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(Photo by: Chung Sung Jun / Getty Images News) South Korea's two state-run banks will shift $12.5 billion in yearly lending and investment to start-ups and small and medium enterprises.

Nov 03, 2015 AM EST - Diana Tomale

South Korea's Two State-Owned Banks To Shift 12.5 Billion USD In Yearly Lending And Investment Budget To Start-Ups And SMEs

Two state-owned banks in South Korea will transfer $12.5 billion in yearly lending and investment budget to start-ups and SMEs in the country rather than to large companies.

Hyundai Heavy Industries

Aug 15, 2015 AM EDT - Dana Marie

Downsizing at Three of Korea’s Biggest Shipbuilders Results to Thousands of Job Loss

According to reports, the country’s major shipyards are struggling because of failing offshore rigs. Amidst gradually declining finances, they have resorted to downsizing and redundancy in an attempt to bring back huge losses.

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