S.Korea plans to create US$17b fund for ‘New Deal’ economic initiatives | Malay Mail

📆 9/3/2020 4:05 PM
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SEOUL, Sept 3 — South Korea’s finance ministry said today the government plans to create a 20 trillion won (RM69.7 billion) fund over the next five years for President Moon Jae-in’s “New Deal” programme. The fund, aimed at financing economic initiatives that invest in technology sectors...

Thursday, 03 Sep 2020 09:43 AM MYT

South Korea plans to create a 20 trillion won fund over the next five years for President Moon Jae-in’s 'New Deal' programme — Reuters pic SEOUL, Sept 3 — South Korea’s finance ministry said today the government plans to create a 20 trillion won fund over the next five years for President Moon Jae-in’s “New Deal” programme.

The fund, aimed at financing economic initiatives that invest in technology sectors for jobs and growth, will be partly financed by policy banks as well as retail investors who will be invited to make investments, the ministry said. — Reuters

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