Australian Mercantile Collections

Korea to provide W25tr support for debt-laden small business owners in H2

Korea to provide W25tr support for debt-laden small business owners in H2

The South Korean government has unveiled a set of economic measures for the second half, focusing on helping small business owners grappling with debt as the economy continues to show uneven recovery.

President Yoon Suk Yeol introduced a 25 trillion won ($18 billion) support package for small business owners and the self-employed burdened by loans, and called for structural measures during a meeting to discuss the direction of economic policy in the second half held at Cheong Wa Dae on…

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