South Korea’s Moon announces $29.5 billion additional cheap loans for exporters



FILE PHOTO:  South Korea's President Moon Jae-in speaks during a ceremony marking the 101st anniversary of the March 1st Independence Movement Day in Seoul
FILE PHOTO: South Korea’s President Moon Jae-in speaks during a ceremony marking the 101st anniversary of the March 1st Independence Movement Day in Seoul, South Korea, March 1, 2020. Kim Min-Hee/Pool via REUTERS/File Photo

April 8, 2020

SEOUL (Reuters) – South Korean President Moon Jae-in said on Wednesday the government will make an additional 36 trillion won ($29.5 billion) worth of cheap loans available for exporters hit by the coronavirus.

Speaking at a policy meeting with economic chiefs, Moon also said fresh measures worth 17.7 trillion won will be rolled out to boost consumption and support domestic demand.

(Reporting by Cynthia Kim; Editing by Raju Gopalakrishnan)





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