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

4 Jul 2024
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President Yoon calls for structural reforms to improve livelihoods, sharpen AI chipmaking, quantum technologies

"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 Wednesday."

- The Korea Herald (Park Han-na, Choi Ji-won)

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