Finance
Bank of Korea to provide 20 billion won emergency support to SMEs hit by heavy rains in South Gyeongsang
The Bank of Korea will provide 20 billion won in financial support to small and medium-sized firms damaged by recent heavy rains in South Gyeongsang Province. It will channel the support through its financial intermediation lending programme and urgently allocate 20 billion won from its reserve limit to the BOK’s South Gyeongsang branch. Eligible firms must obtain damage confirmation documents from local authorities, and support will cover 100 percent of bank lending handled for qualified borrowers.
