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South Korea pledges additional $93m to support rattled stock market

The Straits Times LogoThe Straits Times2w ago

South Korea pledges additional $93m to support rattled stock market - The Straits Times

Quick Summary:

The government will raise 70 billion won this week and 30 billion won next week to inject into a fund.

To ensure the stability of the bond market, the government plans to carry out emergency buybacks, and the Bank of Korea (BOK) will increase its purchases of government bonds if necessary.

On Dec 9, the first trading day after the failed motion to impeach Mr Yoon, the benchmark Kospi and secondary Kosdaq plummeted to new 52-week lows, while the Korean currency approached its weakest point since 2009.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 15:34:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 748 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24266019

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 9 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 12 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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  • URL: https://beamstart.com/news/south-korea-pledges-additional-93m-17337316354510

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