SMEs in South Korea SMEs account for more than 95 per cent of companies in South Korea. Collectively SMEs are therefore a significant customer segment for financial services providers. The smallest SMEs, those with between one and four employees, account for more than half of the total number of SMEs in South Korea and employ almost 20 per cent of the SME workforce. SMEs Banking in South Korea Despite difficult operating conditions SMEs in South Korea have managed to increase the deposits they hold. At the end of 2003 Korean SMEs had aggregate deposits of USD201,994 million up from USD142,867 million at the end of 1999. In response to the high level of delinquency on loans to small business Korean banks have now begun to make debt rescheduling plans more accessible to small business borrowers. South Korea provides extensive credit guarantees for small and medium-sized enterprises (SMEs). South Korea, whose economy is Asia's fourth largest, has been trying to develop its protected but weak service sector to create new sources of income, as it depends too heavily on exports for growth momentum. "SME reforms are needed because this key sector continues to lag behind the rest of the economy South Korea need to strengthen venture financing to help channel more risk capital to business start-ups and new technology firms. IBK to Serve as SME Doctor Most commercial lenders favor large conglomerates and retail investors over small- and medium-sized enterprises (SMEs) in their lending operations in South Korea. Small firms are unwelcome at commercial banks in general as they are reluctant to lend to them in fear of the loans going sour. Gobiz Korea Gobiz Korea is a free e-Marketplace to facilitate on-line trades. We provide helpful information to both global buyers and Korean suppliers for the business partnerships between them. The website is being operated by Small Business Corporation (SBC), a Korean Government's Agency and you can find trustworthy Korean suppliers here efficiently and productively.
SBC provides extensive services to Global Buyers who are looking for qualified Korean Suppliers. The Matchmaking Services will surely help buyers find the most suitable Korean partners. If you are a buyer and looking for a reliable korean suppliers, you can enjoy our FREE Business Matchmaking Services Directory of Korean SMEs You can easily access to 21,000 websites of Korean small and medium sized manufacturers, and 130,000 electronic catalogues at your fingertips just by entering the keyword of your choice. The KOREAN MARKETPLACE run by SBC is the number one free search engine in Korea for locating quality products and manufacturers for your specific inquiries. Direct application for free Matchmaking service is also available on the website.
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