Reported 12 months ago
South Korea's government pledges to assist small businesses and the construction sector affected by high interest rates in the latter half of 2024, while revising its economic growth forecast for the year. President Yoon Suk Yeol emphasized the challenges faced by small businesses, announcing a total of 25 trillion won in support measures. The finance ministry anticipates a 2.6% economic growth in 2024, led by exports, particularly in semiconductors. Initiatives include policy loans, extended repayment periods, lower interest rates, and increased financial aid for small businesses.
Source: YAHOO