Gov't to increase financial support to boost exports
- 5 years ago
The government says it will strengthen financial support to boost the country's slowing exports.
At an economic-related ministers' meeting Monday, Finance Minister Hong Nam-ki said the government will increase loans and guarantees to 209 billion U.S. dollars... as part of efforts to support firms in various stages of trade, such as signing contracts, manufacturing goods, shipping and payment.
The allocated budget figure is up 14 billion dollars on-year.
The special guarantee system will enable firms to get bank loans with just their export contracts... regardless of their financial credit rating.
At the same time, the government will provide over 300 million dollars to help around 42-thousand small firms increase their marketing at exhibitions.
At an economic-related ministers' meeting Monday, Finance Minister Hong Nam-ki said the government will increase loans and guarantees to 209 billion U.S. dollars... as part of efforts to support firms in various stages of trade, such as signing contracts, manufacturing goods, shipping and payment.
The allocated budget figure is up 14 billion dollars on-year.
The special guarantee system will enable firms to get bank loans with just their export contracts... regardless of their financial credit rating.
At the same time, the government will provide over 300 million dollars to help around 42-thousand small firms increase their marketing at exhibitions.