Bank of Korea expands lending in new emergency measure

bank-of-korea
The Bank of Korea

South Korea’s central bank has increased its aid to the country’s financial sector, including lending directly to insurers and securities companies for the first time.

The Bank of Korea announced a 10 trillion won ($8.1 billion) lending facility in a statement on April 16), as its latest response to the pandemic. The facility will be available for three months and is aimed at guarding financial stability in the country.

This package marks the first time that the South Korean central bank will

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: