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Economic Policy Directions for the Second Half of 2009

    Economic Policy Directions for the Second Half of 2009

    June 25, 2009
  • Current expansionary policies will continue until clear signs of economic turnaround are apparent, given uncertainties surrounding the economy. However, temporary measures will be reviewed in terms of their impact on the economy, and subject to be withdrawn when they expire. Real estate markets will be under close scrutiny, and any signs of market instability are sure to be responded to in advance with appropriate measures, in particular mortgage loans with tighter provisions.

    *Please read the attached file for details.


  

Restructuring Plan for SMEs

    Restructuring Plan for SMEs

    June 22, 2009
  • Together with large companies with debts of more than KRW50 billion, the companies in construction, shipbuilding and shipping industries are now under a full-fledged restructuring process as credit risk assessment have wrapped up on them. SMEs will also be subjected to restructuring programs through creditor bank-led credit risk assessment.

    *Please read the attached file for details.


  

SME Loans and Credit Guarantees in May 2009

    SME Loans and Credit Guarantees in May 2009

    June 12, 2009
  • Continuing its upward trend since the beginning of the year, the month-on-month net increase in loans provided by the 18 domestic banks to small and medium-sized enterprises (SMEs) grew by KRW 3.2 trillion from KRW 434.5 trillion in April to KRW 437.7 trillion in May.

    *Please read the attached file for details.


  

Corporate Credit Assessment Results

    Corporate Credit Assessment Results

    June 11, 2009
  • 18 creditor banks have carried out regular assessments of large individual companies with credit facilities in excess of KRW 50 billion since April. In the second stage of the credit assessments, 433 companies were analyzed, and as a result, 33 companies are targeted for restructuring.

    *Please read the attached file for details.


  

Short Selling Permitted on Non-Financial Stocks

    Short Selling Permitted on Non-Financial Stocks

    05 20, 2009
  • The Financial Services Commission made a decision today to start allowing short selling transactions of non-financial company stocks beginning June 1.

    *Please read the attached file for details.


  

2009 Corporate Restructuring Fund Management Plan

    2009 Corporate Restructuring Fund Management Plan

    05 18, 2009
  • The 2009 Corporate Restructuring Fund Management Plan will be submitted to the National Assembly in late May, after a cabinet meeting held on May 19. The planned amount for the Fund in 2009 is KRW20.2 trillion, which is subject to changes in further economic developments.

    *Please read the attched file for details.


  

FSC Chairman, Dong-Soo Chin Meets Foreign Correspondents

    FSC Chairman, Dong-Soo Chin Meets Foreign Correspondents

    05 15, 2009
  • During a press avail, held at the Seoul Foreign Correspondents' Club, Chairman Chin delivered a speech titled, "The Global Financial Crisis and Korea's Policy Response" followed by a lengthy Q&A session, answering questions on a wide variety of financial issues including corporate restructuring.

    *Please read the attached file for details.


  

  

Opening of the Fn Hub Korea, Busan

    Opening of the Fn Hub Korea, Busan

    05 15, 2009
  • The opening ceremony of 'Fn Hub Korea, Busan' was held on May 15, 2009. Fn Hub Korea, Busan was established to support Busan (Munhyeon) develop into a global financial center.

    "Please read the attached file for details.


  

SME Financial Support Results (April 2009)

    SME Financial Support Results (April 2009)

    05 13, 2009
  • Despite the economic slowdown, loans provided by 18 domestic banks to small and medium-sized enterprises (SMEs) increased to total KRW434.3 trillion as of end-April this year on the back of expanded guarantees and maturity extensions.

    *Please read the attched file for details.


  

Notice of Amendments to the KAMCO Act

    Notice of Amendments to the KAMCO Act

    05 04, 2009
  • On April 29, 2009, the National Assembly approved amendments to be applied to the KAMCO Act. Accordingly, from May 4 to May 11, the government will make an official announcement of these amendments.

    *Please read the attached file for details.