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In addition, the government decided to inject large amounts of money into the financial market. This is because if money does not turn in the financial markets, it is more difficult for urgent companies to raise funds, which can later lead to a bigger crisis.

This is reporter Park Chan-geun.

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Anomalies have recently been caught in the corporate bond market.

Even high-quality AA-class companies could not recruit corporate bond investors as they had been aiming for.

The aviation industry, which was hit directly by the Corona 19 crisis, has also made it difficult to issue corporate bonds with its own credit.

The airlines decided to give the government the opinion that survival is only possible if the government guarantees payment.

If the financial market's risk aversion is extremely extreme and the credit crunch intensifies, it can lead to bankruptcy from marginal companies and lead to massive financial insolvency.

[Yoon Ye-sam / Meritz Securities Researcher: (now) Companies that fail to procure and endure will go bankrupt again ... I think preventing the bankruptcy is the most important time now.]

Accordingly, the government decided to create a fund jointly financed by the financial sector to stabilize the bond market.

[Sungsoo Eun / Finance Chairman: Since you said 10 trillion won in the bond market stabilization fund in 2008, if you just think in common sense, it won't be bigger than that… .]

After collecting corporate bonds from companies with low credit ratings, CBO, a bond-backed securities issuer with a guarantee from the Korea Credit Guarantee Fund, also decided to issue KRW 6.76 trillion in three years.

We also decided to prepare a stock-finance fund so that the stock market, which falls every day, will not spread due to economic sentiment.

It is known that the scale will be around 10 trillion won.

The government plans to confirm the size of the bond market stabilization fund and the stock market fund at the second emergency economic meeting next week.

(Video coverage: Jung Sung-hwa, Video editing: Park Ji-in, CG: Hwang Ye-jin)