Loans to large firms being downsized
June 21, 2016
[THE INVESTOR] The woes of shipping and shipbuilding industries are affecting other large Korean firms, with major local lenders starting to downsize their amount of loans, according to market data June 21. Data released by the country’s five commercial banks -- KEB Hana Bank, Kookmin Bank, Woori Bank, Shinhan Bank and Nonghyup Bank -- show that their outstanding loans to large firms came close to 89.59 trillion won (US$77.2 billion) as of end-May, a 1.83 trillion won slide from 91.42 trillion w