South Korea pledges $39 billion emergency funding for coronavirus-hit small business

FILE PHOTO: A woman wearing a mask to prevent contracting the coronavirus looks at a view of central Seoul, South Korea, March 17, 2020. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - South Korean President Moon Jae-in pledged 50 trillion won (33.89 billion pounds) in emergency financing for small businesses and other stimulus measures on Thursday to prop up the country's coronavirus-hit economy.

The package is the latest in a string of steps Seoul has taken to curb pressure on Asia's fourth-largest economy, including an interest rate cut, an extra 11.7 trillion won (7.92 billion pounds) budget and more dollar supplies.