The Ministry of Justice has recently announced a draft bill concerning the securitization of movables and receivables. The Bill has been pushed for strongly by SMEs. SME’s have complained, since the 1997 Currency Crisis that they are unable to adequately capitalize at market rates. Representatives of the IMF, that I spoke with a few years back, also were very keen on this type of bill. They believed that this Bill will help foster SMEs and new entrant’s potential for innovation
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The Korean Law Blog by IPG Legal
Updates by English-Speaking Lawyers in Korea on Korean Law, Korean Legal System & Korean Law Firms. Dispute Resolution Law Firm of the Year. International Law Firm with offices in North America and throughout Asia
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