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South Korea doubles rescue package to 100t won amid coronavirus woes

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South Korea President Moon Jae-in said on Tuesday the government will double a planned rescue package to contain mounting economic and financial fallout from the coronavirus to 100 trillion won (S$115.89 billion).

[SEOUL] South Korea President Moon Jae-in said on Tuesday the government will double a planned rescue package to contain mounting economic and financial fallout from the coronavirus to 100 trillion won (S$115.89 billion).

The government will expand policy financing loans for small to medium-sized companies, help them keep jobs, and inject liquidity into financial markets by buying corporate bonds. 

REUTERS