24 March 2020 – Purchased corporate bonds

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Korean government announced that it would purchase 20 trillion won (US$16 billion) in corporate bonds to prop up companies facing a credit crunch due to COVID-19.
Full details here: https://www.aljazeera.com/ajimpact/south-korea-doubles-funds-fighting-virus-80bn-200324043528028.html