Seoul to offer $100 bln payment guarantee for banks
- 관리자
- 2008.10.20
- Hit 4289
SEOUL, Oct. 19 (Yonhap) -- The South Korean government on Sunday announced a package of foreign currency payment guarantees for domestic banks, worth US$100 billion, in a bid to help stabilize the nation's volatile financial markets.
Under the latest policy package agreed upon during a meeting of top policymakers and ruling party leaders, the government will guarantee the payment of all foreign currency loans raised by Korean lenders abroad until June next year for a period of three years.
From YonhapNews(http://english.yonhapnews.co.kr)