S. Korean banks to lend more to smaller firms in 2013

Eighteen Korean banks are planning to lend a combined 30.8 trillion won to SMEs this year.

The amount is a 4.8 percent increase from the 29.4 trillion won tallied last year, according to the Financial Supervisory Service.

This is an apparent move to be in step with the incoming government's pledge to shore up the struggling firms.

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