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Financial Market Stabilization Plan

Posted October. 20, 2008 08:44,   


The government will provide 100 billion U.S. dollars in financial guarantees for external debts of Korean banks. Starting from the left, Bank of Korea Governor Lee Seong-tae, Strategy and Finance Minister Kang Man-soo and Financial Services Commission Chairman Jun Kwang-woo announce yesterday financial stabilization measures at the Bank Center in Myeong-dong, central Seoul.