[Korea Jeongseon financial newspaper reporters] China Saad (THAAD) retaliatory measures related travel restrictions struggling tourism and travel industry, including SMEs in 2000 billion special loan and guarantee are supported.
Imjongryong finance chairman presides over the (second from right) was later impeached president in the last 10 days, along with the Financial Supervisory Service, public financial institutions, financial associations representing at 12th Seoul government offices' financial situation inspection meeting, and told reporters.
Funds are targeted to support SME policy that might cause financial difficulties to South Korea travel restrictions on Chinese tourism, travel, accommodation, transport.
If exporters, manufacturers need to support in principle, but decided to target support to the selected duty-free shops, cosmetics-related SMEs.
Existing loans of SMEs allows an extension up to one year maturity, principal repayment moratorium.
In addition to lending support up to 1000 billion by 300 million won per company, Industrial Bank plans to give up to one percentage point interest rate reduction for loans.
In parts warranty and support the existing warranty extension expires one year. New Warranty Credit Guarantee Fund and Kibo Technology Fund had a working capital guarantee charges less than 300 million won to 100 billion won per company in sizes up to give preferential treatment to a maximum of 1.0%, increase guarantee percentage (85% → 95%).
Imjongryong Chairman, I will add ever expanding such gamyeo viewed the damage around the target and support industries' he said.
The FSS plans to encourage commercial banks can extend the maturity, repayment grace the damage now.
Also imjongryong chairman, take a look at that there is no difference in the number of banks for reckless loans to companies struggling with Chinese travel restrictions, restructuring Contractors' Association said the bank had requested.
In addition, financial authorities are moving from the center, 13 corporate bonds acquisition support program scale through the Industrial Bank so that the volatility of the domestic bond market are not expanding come to expand to 6,000 billion won from the 5000 billion won that raising interest rates this month the US Federal Reserve (Fed) yuryeoksi do.
For the temporary lack of funds derived SME ever actively it supports SMEs via rapid financial assistance program 'medium-term support 119'.
Imjongryong Chairman restructuring seafood 'main creditor of comprehensive responses to the liquidity by central banks provided DSME in March will quickly relieve market concerns, he said.
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