{"id":142426,"date":"2020-05-20T13:19:31","date_gmt":"2020-05-20T13:19:31","guid":{"rendered":"http:\/\/candas365.es\/noticias\/?p=142426"},"modified":"2020-05-20T13:19:31","modified_gmt":"2020-05-20T13:19:31","slug":"icbcs-seoul-branch-supports-businesses-of-china-and-rok-amid-pandemic","status":"publish","type":"post","link":"https:\/\/candas365.es\/noticias\/icbcs-seoul-branch-supports-businesses-of-china-and-rok-amid-pandemic\/","title":{"rendered":"ICBC&#8217;s Seoul branch supports businesses of China and ROK amid pandemic"},"content":{"rendered":"<p>BEIJING, May 20 (Xinhua) &#8212; The Industrial and Commercial Bank of China (ICBC)&#8217;s branch in Seoul, capital of the Republic of Korea (ROK), has been facilitating production resumption and trade financing for enterprises of the two countries since the COVID-19 outbreak.<\/p>\n<p>According to the person in charge of the branch, it handled 732 trade financing operations with a total value of 1.7 billion U.S. dollars, including a loan worth 22.9 million dollars granted to a Korean enterprise operating in China.<\/p>\n<p>The Seoul branch helped a Korean financial institution receive larger liquidity support from the headquarters, made the way more smooth for a Korean insurance company to invest in China, and arranged financing plan for a Korean manufacturer in China to resume production.<\/p>\n<p>The Seoul branch also provided a package of financial services such as trade financing, letter of guarantee, cross-border direct loan, settlement, deal making, as well as a green channel and service fee reduction for donation and epidemic prevention goods procurement.<\/p>\n<p>Since the outbreak of COVID-19, the branch has donated 460,000 masks to designated hospitals in Hubei Province and 120 million wons (about 97,000 U.S. dollars) to the Red Cross Society of the ROK.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, May 20 (Xinhua) &#8212; The Industrial and Commercial Bank of China (ICBC)&#8217;s branch in Seoul, capital of the Republic of Korea (ROK), has been facilitating production resumption and trade financing for enterprises of the two countries since the COVID-19 outbreak. 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