Finance chief asks banks to increase lending to smaller firms
상태바
Finance chief asks banks to increase lending to smaller firms
  • Son Da-som
  • 승인 2019.06.25 10:53
  • 댓글 0
이 기사를 공유합니다

South Korea's finance minister on Monday asked heads of major banks to increase lending to small and medium-sized firms as part of efforts to boost the economy.

Hong Nam-ki, the minister of economy and finance, said it would be good if banks extend loans to smaller firms by taking into account their technology and growth potential, even if their collateral is not enough for borrowing.

Hong Nam-ki (C), the minister of economy and finance, speaks in a meeting with heads of 18 banks, including KB Kookmin Bank and Shinhan Bank, at the headquarters of the Korea Federation of Banks in central Seoul on June 24, 2019, in this photo provided by the ministry. (PHOTO NOT FOR SALE)

He made the comments to reporters after a meeting with the heads of 18 banks, including KB Kookmin Bank and Shinhan Bank, at the headquarters of the Korea Federation of Banks in central Seoul.

The federation said local banks have increased assistance to the manufacturing sector, though it did not provide any further details.

South Korea has been struggling to reinvigorate the manufacturing sector, a key part of the country's economy.(Yonhap)


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.
주요기사