South Korean Finance Minister Koo Yun-cheol (C), who serves concurrently as the deputy prime minister for economic affairs, attends a meeting of the emergency economic headquarters at the government complex in Sejong, South Korea, 03 July 2026. Photo by YONHAP / EPA
July 3 (Asia Today) -- South Korea will provide 14.9 trillion won ($9.7 billion) in emergency financing and expand tax and trade-insurance support for small and midsize companies struggling with higher import costs caused by the weak won.
The government announced the measures Friday during an emergency economic meeting chaired by Deputy Prime Minister and Minister of Finance and Economy Koo Yun Cheol at Government Complex Sejong.
The package is intended to improve liquidity for companies facing rising raw-material costs and financing pressures as the won remains weak against the U.S. dollar.
The government will redirect 13.8 trillion won ($9 billion) in unused capacity from a 23.7 trillion won ($15.5 billion) policy-financing program previously established in response to the Middle East crisis.
