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In easing the debt burden of economically vulnerable groups, measures should be taken to prevent creditor resistance and moral hazard among borrowers.
In the Republic of Korea, financial firms need to enhance the convenience of mobile services and ensure universal accessibility.
In the highly competitive Korean market, policy makers need to adjust performance indicators and incentives to encourage banks to increase technology financing.
Promoting responsible lending practices on online peer-to-peer platforms builds market trust and deters the need for further regulation.
The Republic of Korea wants to help businesses to secure loans using movable assets, including goods, receivables, and intellectual property.
Regulations need to be aligned to improve the efficiency of environment, social, governance investments.
Leverage machine learning and satellite imagery for informed resource allocation to enhance road quality and address development challenges.
Governments should provide policy and financial support to industries that shift to remote or noncontact transactions to cope with COVID-19.
In the Republic of Korea, large financial firms should lead efforts to support high-risk, high-return intellectual property investments.
High upfront costs and lack of incentives impede fuel efficiency initiatives in road freight in the Greater Mekong Subregion.