South Korea Announces Debt Relief Program for Pandemic-Impacted Small Businesses
The South Korean government has introduced a targeted financial aid initiative to alleviate debt burdens on small enterprises affected by the coronavirus pandemic. The measure aims to stabilize local commerce and support long-term economic recovery in vulnerable sectors.
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S. Korea to offer debt relief to small biz owners hit by COVID-19 pandemic
South Korea will offer a debt relief program for small business owners hit by the COVID-19 pandemic to help improve their financial health, the finance ministry said Friday, amid concerns that they could face heavier debt-servicing burdens following recent rate hikes. Finance Minister Koo Yun-cheol announced the measures during a meeting with relevant ministers, after the Bank of Korea raised its benchmark rate by 0.25 percentage point for the second consecutive meeting the previous day to curb
By The Korea Herald
Read full article →S. Korea to offer debt relief to small biz owners hit by COVID-19 pandemic
SEJONG, Aug. 28 (Yonhap) -- South Korea will offer a debt relief program for sma...
By Kang Yoon-seung
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