South Korea's finance ministry stated on Friday that it will provide 14.9 trillion won (approximately $97 billion) in emergency financing support to small and medium-sized enterprises affected by the increasing operational pressures stemming from the weak Korean won.
Finance Minister Choo Kyung-ho noted that volatility in foreign exchange and financial markets persists, and livelihood difficulties remain, with consumer prices in June rising 3.2% year-on-year.
Choo Kyung-ho made these remarks during an emergency economic meeting held on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments