In order to respond to the new coronavirus infection (Corona19), the government will increase the amount of support for employment maintenance by 400 billion won and expand it to 500 billion won.

To alleviate the foreign currency borrowing costs of financial companies, the foreign currency soundness burden is temporarily exempted, and the foreign currency LCR regulation burden is temporarily relieved to induce smooth supply of trade finance by banks.

Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, made the comments today (25th) at the 'Second Corona 19 Response Economic Relations Ministerial Meeting and the Second Crisis Management Countermeasure Meeting' held at the Seoul Metropolitan Government.

In relation to the subsidy for the maintenance of employment, Hong said, "We are planning to increase the level of support from 100 billion won to 400 billion won to a total of 500 billion won." The level of support will also be significantly increased from April to June for all industries. Plan. "

He also said, “We plan to actively support the private sector's foreign currency financing efforts by easing the macroeconomic soundness regulatory measures that were introduced to prevent excessive foreign currency flows since the 2008 financial crisis.

To this end, the company announced that it will release a financial institution's foreign currency soundness burden for a while and prepare a specific plan to temporarily release the bank's foreign currency LCR (Liquidity Coverage) regulation.