President Yoon Suk Yeol has pledged nearly 18-billion U.S. dollars in support for small business owners, to help them repay their loans and grow into large innovative enterprises.
On Wednesday, the South Korean leader chaired a meeting on the government’s economic policy roadmap for the second half of the year.
While noting that the country’s macroeconomic conditions had improved on the back of strong export growth and stable inflation, Yoon expressed concern that the high cost-of-living and interest rates continue to affect households and small businesses.
Instead of temporary solutions like cash distribution, the President said the government has allocated some 17-point-nine billion dollars in long-term, structural measures, such as debt repayment plans and regulatory reform to promote new industries.
Source : Arirang TV, https://www.arirang.com/news/view?id=272754
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