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South Korean Finance Minister Choi Kyung Hwan (L) reportedly said offering financial aid to unprofitable overseas projects could lead to insolvency. (Photo by Handout / Getty Images)

Dec 08, 2015 PM EST - Diana Tomale

South Korea's Financial Institutions To Increase Scrutiny Before Providing Financial Aid To Local Companies With Large-Scale Overseas Projects

State-run banks in South Korea will examine the profitability of local companies that has large-scale overseas projects before offering them with financial aid.

(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.

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