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In addition, the government decided to support 40 trillion won for key industries such as aviation, shipping, and automobiles, which are the core industries that lead the Korean economy. However, in order to prevent preferential fertilization for large companies, the number of jobs for the supported companies must be maintained, and the employees decided to put various conditions to limit high salaries.

For more information, reporter Park Chan-geun.

<Reporter> The

government decided to issue a government-sponsored bond to establish a 40 trillion won long-term industry stabilization fund in the industrial bank.

The fund is supported by seven key industries including aviation, automobiles, and shipbuilding.

However, it was decided to provide a safeguard to prevent such support from being attributed to the interests of large shareholders.When they apply for funding, they will maintain the total amount of employment, limit the high salary of their employees, and impose conditions that prohibit dividends and treasury stocks.

There are various ways to apply, such as loans, payment guarantees, and investments.

As taxes are put into saving some large corporations, the US and German cases have been decided to provide a mechanism to share profits when the companies are normalized.

It means that 15-20% of the total amount of the support will be converted into convertible bonds or redeemable preferred shares.

[Sungsoo Eun / Finance Chairman: If the company normalizes, the stock price will go up. Then we will receive the profit margin and return it to the people ... .] The

government decided to expand the small business loans by adding 35 trillion won to the existing 100 trillion won and buy corporate bonds and corporate bills with low credit ratings.

We decided to put an additional 4,400 billion won into the small business emergency loan program, which is currently worth 12 trillion won, and operate a second-stage loan product of 10 trillion won by varying conditions such as interest rates and limits.

(Video coverage: Jung Sung-hwa, video editing: Jun-hee Kim, CG: Sung-beom Jang)  

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