Low- and medium- credit borrowers are finding it increasingly hard to find a line of credit, as internet-only banks opt to extend loans to their high-credit peers, market watchers said Tuesday.
Cambodia and South Korea signed six MoUs recently in Seoul.
The first was between the Cambodia Chamber of Commerce and the South Korean Chamber of Commerce and Industry..
Jeonbuk Bank signed a memorandum of understanding with Credit Bureau Cambodia and Korea Credit Bureau, the leading credit rating agencies in Cambodia and Korea respectively, to provide credit information services for Cambodian customers. The signing ceremony, held during the Cambodia-Korea Business Forum in Seoul on Thursday, was attended by Cambodian Prime Minister Hun Manet, Korean Industry Minister Ahn Duk-geun an.
Jeonbuk Bank has formed a partnership with Credit Bureau Cambodia (CBC) and Korea Credit Bureau (KCB) to establish cross-border credit reporting between Cambodia and Korea, the regional bank announced Sunday.
Korea FDI in Kingdom reaches $5 billion, says Prime Minister khmertimeskh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khmertimeskh.com Daily Mail and Mail on Sunday newspapers.