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Gov't to provide some US$ 4 bil. of loans to subcontractors: Finance Minister Updated: 2020-06-19 17:03:46 KST

South Korea will provide 4 billion U.S. dollars in loans to subcontractors in key industrial sectors starting next month.
Seoul's Finance Minister Hong Nam-ki says he expects the measures to be of practical help to the subcontractors in industries like chemicals and steel having difficulties getting bank loans due to low credit ratings.
The government will also push for one.six billion dollars of additional financial support for subcontractors in the automobile sector.
Reporter : jhee@arirang.com
KOGL : Korea Open Government License
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