Korea guarantees banks' foreign debt

The Korean government has announced bolds initiative to help its financial institutions overcome difficulties in securing overseas funding.

The authorities announced over the weekend that they will guarantee $100 billion of lenders' foreign-currency debts and make a further $30 billion in US-dollars loans available to banks.

The government will guarantee as much as $100 billion of new foreign debt taken out by Korean banks between 20 October and 30 June next year. The protection is valid for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account