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In order to revive this tumultuous game and keep the companies moving, eventually money must be on the market. So the Bank of Korea decided to provide virtually unlimited money to financial companies. This was not done in the past during the foreign exchange crisis or the global financial crisis.

Reporter Jeon Hyung-woo will tell you more.

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The Bank of Korea announced that it would buy unlimited repurchase bonds of financial companies every week for three months from April.

Repurchase condition bonds, RPs, are bonds issued by financial companies on a condition that interest is paid after a certain period of time.

When the Bank of Korea provides funds to 17 commercial banks and 16 securities companies in this way, financial companies have more money to use for corporate bonds or self-employment loans.

This unlimited liquidity supply has never been conducted during the foreign exchange crisis or the global financial crisis.

[Yoon Myun-sik / Deputy Governor of the Bank of Korea: When I asked that this would be a supply of all the market demand, this is not really a quantitative easing.

The size of Han Eun's support is estimated at about 70 trillion won.

[Cho Sung-Hoon / Professor, Department of Economics, Yonsei University: Corporate banks, CP (corporate bills) maturity is not extended, but the default (default) is a concern that the Bank of Korea has taken very seriously.]

It seems that it is difficult to further lower interest rates in the current situation, and it seems to have taken direct liquidity supply.

In preparation for the worsening situation, Han Eun also opened the possibility of further measures such as buying corporate bonds directly.

Meanwhile, the government will hold a ministerial meeting tomorrow (27th) to discuss ways to support emergency liquidity for companies facing financial difficulties such as Doosan Heavy Industries & Construction and the airline industry.

(Video editing: Hojin Kim)

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