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Government to supply about US$11.3 billion to market ahead of Lunar New Year

2019-01-28 0 Dailymotion

정부, 설 자금으로 12조7천억원 대출•보증 공급<br /><br />The government will be injecting around 11 billion U.S. dollars into the market ahead of the Lunar New Year holiday.<br />This is an annual measure to help small and mid sized companies with their cash flow, according to the Financial Services Commission on Monday. <br />About eight billion U.S dollars will be provided in the form of low-interest loans through government-run banks. <br />And about three billion U.S dollars will flow into the market through the Korea Credit Guarantee Fund, providing credit guarantees for promising SMEs which lack tangible collateral.<br />The FSC said that it hopes the money supply will help these firms meet payment deadlines and pay their employees holiday bonuses. <br />

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