Banks have agreed to the government proposal to extend the suspension of loans and interest payments for small and mid-size companies and small corner shops for another six months.
Suspension of loan principal and interest payments for small business and corner shops is being considered by the Financial Services Commission (FSC).
Regulators want banks to limit their payout ratios, and the banks are not at all happy about the recommendation.
Eun Sung-soo, chairman of the Financial Services Commission, Sung Yun-mo, minister of trade, industry and energy and other industry officials and executives watch a demonstration of Hyundai Motor’s Kona Electric’s rapid charging technology.
Korea is splitting the difference on short selling, allowing the practice for some shares and not for others.
Individuals borrowing money to buy stocks and properties are worrying the regulators.
Social distancing measures will be eased for shareholder meetings in February and March.
Financial Services Commission Chairman Eun Sung-soo, far right, tours the SK hynix plant in Icheon, Gyeonggi, on Tuesday, along with the heads of state-run banks.
Financial Services Commission (FSC) Chairman Eun Sung-soo said that no decision has been made about short selling and that the probation on it may not end March 15,
Starting Jan. 18, small shops struggling due to heightened social distancing measures will be eligible for government-backed loans offered at commercial banks with interest rates a maximum 2 percentage points lower than currently available.