The Industrial Bank of Korea the largest lender to small and medium sized companies in South Korea raised as much as 16.7 billion yen ($148 million) in a loan from 11 Asian banks that was arranged by Tokyo Mitsubishi UFJ Ltd and the loan is due in one year.

However, Tokyo Mitsubishi paid 130 basis points more than the interbank offered rate for yen, worth mentioning that the Industrial Bank of Korea will use the loan to repay maturing debts and to lend exporters in South Korea.