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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.

Former Korea Development Bank Daejeon branch. (Photo by Lawinc82)

Oct 26, 2015 PM EDT - Diana Tomale

Korea Development Bank To Sell 43 Percent Stake In Daewoo In Package With KDB Asset Management

An official from Korea Development Bank reveals that they will sell KDB Daewoo Securities in package with KDB Asset Manangement. The state-run bank owns 43 percent and 100 percent of Daewoo and KDB Asset and Management respectively.

(Author: Kaflan) Bank of Korea reveals that the number of

Oct 23, 2015 PM EDT - Diana Tomale

"Zombie Companies" Unable To Generate Sufficient Revenue To Pay Tax And Interest Dues Exceed 3,000 Over The Past Five Years

"Zombie companies" in South Korea continues to increase and exceeded 3,000 over the past five years, according to Bank of Korea.

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