Busan Strengthens SME Financing as High FX Rates and Oil Prices Bite

Busan City will strengthen financial support for local small and midsize enterprises facing growing management pressure from prolonged high exchange rates and high oil prices caused by the Middle East war situation. The measure focuses on helping SMEs stabilize operations as rising currency and energy costs increase cost burdens and pressure cash management. Local companies could face heavier expenses if external uncertainty continues, raising the need for liquidity support. Busan plans to ease short-term funding strains through financial assistance and support stability in the regional economy. Source: yna.co.kr