South Korean public institution that guarantees bank loans for small and midsize firms lacking collateral, backstopping their access to credit.
Police searched the fund in March last year over forged guarantee documents. It approved 5.795 billion won more for ten companies tied to a second broker before special post-management measures began in December.
Reality
The Busan Maritime Finance Development Council is taking in a credit guarantee arm, a Shinhan Bank unit and the shipowners' mutual KP&I, and adding a fifth working panel to seat shipping companies with the lenders.
Reality
The Financial Services Commission's holiday tally for small firms comes to 102.6 trillion won, and 62.4 trillion of it extends maturities on loans already outstanding, leaving roughly 40.2 trillion won of new credit.
Reality
The write-offs Seoul has actually costed cover paper the banks sold years ago, which leaves the document that sizes losses at banks and policy lenders as the one the government still has to write, inside a month.
Reality
Lenders are competing to launch 100%-guaranteed products while public funds' repayments on behalf of borrowers hit a decade high. The screening did not vanish; it moved.
Reality