Per Yonhap, "South Korea will provide...>

SOUTH KOREA: Per Yonhap, "South Korea will provide 10 trillion won (US$8.2

billion) next month in new relief loans for small businesses hit by the

coronavirus pandemic, Finance Minister Hong Nam-ki said Wednesday. Hong made the

remarks as he presided over a meeting with economy-related ministers and heads

of financial authorities to discuss measures to revive economic growth. The

global economy is facing an "unprecedented crisis and recession" as the pandemic

battered global supply chains and consumption, Hong told the meeting.

Coronavirus shocks have begun dealing a blow to the nation's economic sentiment,

real economy and job market, Hong said."