President Moon unveils US$ 29 bil. support package to boost exports, revive consumption
- 4 years ago
문대통령 "수출기업 위해 36조원 이상 무역금융 추가공급"
President Moon Jae-in has unveiled another multi-billion dollar economic relief package, this time, to revive exports and boost domestic consumption.
During the fourth meeting of the emergency economic council on Wednesday,... President Moon said the government will set aside over 29 billion dollars worth of trade finance so exporters don't miss out on business opportunities due to a lack of finance or eroding credibility.
To revive consumption,...the government will use 14 billion dollars to spur pre-payments and back a prepurchase scheme.
In addition, 1-point-8 billion dollars will be used to provide support and expand incentives for start-ups and venture companies.
President Moon Jae-in has unveiled another multi-billion dollar economic relief package, this time, to revive exports and boost domestic consumption.
During the fourth meeting of the emergency economic council on Wednesday,... President Moon said the government will set aside over 29 billion dollars worth of trade finance so exporters don't miss out on business opportunities due to a lack of finance or eroding credibility.
To revive consumption,...the government will use 14 billion dollars to spur pre-payments and back a prepurchase scheme.
In addition, 1-point-8 billion dollars will be used to provide support and expand incentives for start-ups and venture companies.