Bank of Korea expands lending in new emergency measure

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

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