S. Korean Pres. Moon: To supply 50 trillion won emergency financing for small business


South Korean President Moon is on the wires now, via Reuters, announcing fresh coronavirus relief measures to support the businesses.

Key quotes

To supply 50 trillion won emergency financing for small business.

Govt to guarantee loans for small businesses hit by virus.

Will relax loan terms for small businesses with policy financing.         

Will help businesses rollover loans, offer low interest loans.               

This comes as the number of new virus cases in the country continues rising that has knocked-off the domestic currency to a new decade low vs. the greenback.

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