S. Korea to provide US$18bil support for debt-laden small business owners in H2

Finance Minister Choi Sang-mok (second from right) addresses a joint press briefing with related government bodies on economic plans and policies for the second half of the year at the government complex in Seoul on Wednesday. - The Korea Herald/ANN

SEOUL: 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 (July 3).