Tag - BOK to extend support fund for smaller firms

BOK to extend support fund for smaller firms

Korea’s central bank said Thursday it will expand low-interest loans to small and medium enterprises in a bid to help them overcome an economic funk and boost the economy’s recovery. A total of 9 trillion won ($7.28 billion) will be raised for the so-called “bank intermediate lending support facility,” with 4 trillion won to be newly earmarked and the rest to come from part of the existing 20 trillion won fund reserved for the same purpose, according to the Bank [...]

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