Search results for Seoul Guarantee Insurance
Finance
SpaceX confirms IPO to raise more than 100 trillion won, contrasting with Korea\'s big-deal drought
SpaceX is proceeding with a Nasdaq listing and confirmed an offering of 555,555,555 common shares at $135 each, implying about $75 billion in proceeds, with potential upside if an overallotment option is exercised. In South Korea, the IPO market remains subdued despite a strong stock market. New listings and fundraising are limited, with a shortage of large deals and weak post-listing share performance weighing on sentiment.
AI & Enterprise
MSIT selects 15 ICT future unicorns to support overseas expansion and funding
South Korea\'s Ministry of Science and ICT selected 15 companies for this year\'s Global ICT Future Unicorn Development Programme to support the global growth of promising AI and digital innovation firms. The ministry held a certificate presentation ceremony in Seoul on Tuesday. The programme, now in its seventh year, provides scale-up support and works with related agencies including NIPA, KODIT, the Korea Exchange and Seoul Guarantee Insurance.
Finance
FSC cuts rate requirements for mid-interest loans by up to 1.25 points, expands supply
South Korea’s Financial Services Commission is moving to revamp rules to expand lending to mid-credit borrowers as the economic slowdown increases pressure on vulnerable borrowers. It plans to adjust supply criteria for the policy-backed Saitdol loan, cut insurance rates and expand supply. Support for low-credit borrowers will be strengthened separately through policy microfinance, including a rate cut for Haetsal loans. The FSC also plans to lower rate benchmarks for private mid-interest loans by up to 1.25 percentage points.
