Korea's IBK plans to launch SME-focused fund
The Industrial Bank of Korea, a South Korean government-owned lender, plans to form a private equity fund intended to help restructure local SMEs, with its launch slated for the second half of this year.
IBK CEO Yun Yong-Ro earlier said publicly that about 300 companies are in need of financing to help rebuild their enterprises. From 2H09 to 1H10, 608 Korean companies were placed under debt rescheduling...
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