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S. Korea to provide loans worth 100 tln won to innovative firms, SMEs

S. Korea to provide loans worth 100 tln won to innovative firms, SMEs

South Korea’s financial regulator said Thursday it will offer innovative firms and small- and medium-sized enterprises (SMEs) loans worth 100 trillion won (US$88.5 billion) over the next three years. The massive loan package is aimed at revitalizing the nation’s sluggish economy at a time when the economy faces downward risks, including weaker domestic investment and […]

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