According to reports, South Korean Trade Insurance Corporation, said the first quarter of this year, the domestic export enterprises to provide trade insurance amounted to 32.7 trillion won, down 21.8 percent, including large enterprises, medium-sized companies (quasi large enterprises), trade insurance coverage for SMEs decreased by 23.1%, 12.8%, 19%, the largest decline of large enterprises. This is mainly due to the overall downturn in the global trade of big situation, low oil prices caused export prices fell, some export bankruptcy cause. Although the export downturn, but the number of SMEs using trade insurance has increased by 11.6%.
Korea Trade Insurance Corporation official said, is for small and micro enterprises export group insurance, and commercial banks signed a special contract by promoting small and medium enterprises in order to promote an early realization of export bills, etc., to strengthen the relevant export financial support.
