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Per Yonhap, "South Korea is set to......>

SOUTH KOREA
SOUTH KOREA: Per Yonhap, "South Korea is set to unveil a support package for the
country's backbone industries this week to help them stay afloat amid the
growing coronavirus impact on businesses, government officials said Monday. The
country is considering stimulus measures worth over 20 trillion won (US$16
billion) to help the airline, chipmaking, automobile, refining and other major
industries hit by the COVID-19 outbreak, according to the officials. "For
instance, the government will be able to deliver a payment guarantee for
corporate bonds issued by companies in the backbone industries through state
lenders, such as the Korea Development Bank and the Export-Import Bank of
Korea," an official from the transport ministry said."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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