Yonhap Infomax NewsSouth Korean commercial banks have sharply reduced SME lending in 2024, with policy banks accounting for nearly all new loans, as the Bank of Korea highlights ongoing risk management and predicts only a modest rebound amid tighter household loan regulations.
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Bank of Korea Says Commercial Banks Sharply Cut SME Lending Amid Tighter Risk Controls
South Korean commercial banks have sharply reduced SME lending in 2024, with policy banks accounting for nearly all new loans, as the Bank of Korea highlights ongoing risk management and predicts only a modest rebound amid tighter household loan regulations.