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Reported by Yonhap early Wednesday:.....>

SOUTH KOREA
SOUTH KOREA: Reported by Yonhap early Wednesday: "The Bank of Korea (BOK) on
Wednesday said it plans to provide an additional 5 trillion won (US$4.08
billion) in special, low-interest loans to local businesses hit by the new
coronavirus outbreak. The additional amount will bring to 35 trillion won the
amount the central bank will provide to local lenders, which in turn will offer
low-interest loans to firms. "The move is expected to help expand the financial
access of self-employed businesses and small and medium-sized firms that are
facing difficulties due to the COVID-19 outbreak and improve their liquidity
conditions," the BOK said in a released statement."
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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