Arab Today, arab today korean watchdog to allot tech loan quotas to local banks
Last Updated : GMT 15:29:37
Arab Today, arab today
Arab Today, arab today

Korean watchdog to allot tech loan quotas to local banks

Arab Today, arab today

Arab Today, arab today Korean watchdog to allot tech loan quotas to local banks

South Korean Watchdog
Seoul - Yonhap

The financial watchdog is expected to set tech loan quotas for local banks so that they will mandatorily lend to small and mid-sized companies that have high-end technologies but are short of capital to fund their business, financial sources said Monday.
The Financial Services Commission (FSC) last week announced it will push banks and other financial institutions to increase loans to start-up ventures to help boost the nation's economy. It said technology credit bureaus will be established to assess each business idea and technologies.

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