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UniCredit SpA enters into commercial agreement with Industrial Bank of Korea for support of Korean SMEs in CEE region

Monday, 25 Nov 2013 07:00pm EST 

UniCredit SpA:Says it has recently entered into a commercial agreement with Industrial Bank of Korea (IBK).Says the agreement entails that UniCredit, thanks to its network in the Central and Eastern Europe (CEE) region, supports financially and operationally small and medium Korean enterprises (SMEs) expanding into CEE.Says Korean SMEs reach CEE following bigger corporations already present in the area, focusing primarily in the automotive , household appliances and consumer electronics fields.Says Korean SMEs, with turnover between 0.5 and 5 million euros, settled in the CEE region are over 300, of which half in Russia, and the rest mainly in Poland, Slovakia , Hungary and the Czech Republic. 

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19 Dec 2014