S Korea to set up $7b corporate restructuring fund with private participation

S Korea to set up $7b corporate restructuring fund with private participation

South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji

South Korea plans to establish a KRW8 trillion ($7 billion) corporate restructuring fund with participation from private sector to restructure impoverished small and medium enterprises (SMEs), reported local media.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter