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Japanese finance companies have unduly eroded Korea’s non-banking money-lending businesses, such as small-loan financing and savings banks, financial authorities said Wednesday.
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JK Capital Finance, Inc. (JK Capital) entered into a credit guarantee agreement with the Philippine Guarantee Corporation (PHILGUARANTEE) in late October of 2024. This partnership aims to channel credit to preferred economic sectors, ultimately fostering job creation, and supporting MSMEs (Micro, Small, and Medium Enterprises). The agreement is a form of insurance for JK Capital, a pro-rata risk-sharing guarantee of losses on loans it extends to MSMEs — for up to P300M. “This is a milestone....
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