S. Korean Pres. Moon: To supply 50 trillion won emergency financing for small business

South Korean President Moon is on the wires now, via Reuters, announcing fresh coronavirus relief measures to support the businesses.

Key quotes

To supply 50 trillion won emergency financing for small business.

Govt to guarantee loans for small businesses hit by virus.

Will relax loan terms for small businesses with policy financing.         

This comes as the number of new virus cases in the country continues rising that has knocked-off the domestic currency to a new decade low vs. the greenback.

• South Korea confirms 152 new coronavirus cases, USD/KRW hits highest since 2009