SEOUL - South Korea's government said on Wednesday it will increase restrictions on people traveling from overseas to prevent new coronavirus infections, and announced new stimulus measures for exporters hit by the outbreak.
"While maintaining the foundation of our openness, we will strengthen travel restrictions under the principles of reciprocity," he said. South Korean President Moon Jae-in said the government would make an additional 36 trillion won worth of cheap loans available for exporters hit by the coronavirus.
Wednesday's announcement adds to planned economic rescue package of 100 trillion won in late March designed to help companies and put a floor under crashing stocks and bond markets.
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