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Korean Financial Firms Rush into Myanmar for Loan Opportunities

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South Korean financial companies are rushing into Myanmar as they see fresh investment opportunities in the country that has started to open up after almost 50 years of military rule. In addition to leading lenders Shinhan Bank Co. and Woori Bank Co. and personal loan provider BNK Capital Co., IBK Capital Corp. is expected to make its entry into the Southeast Asian country’s microcredit market by offering small loans of each under 5 million won ($4,280).

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Korean financial firms rush into Myanmar for loan opportunities

Source: Pulse

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