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President Moon Jae-in presided over the 4th emergency economic conference today (8th) and came up with measures to stimulate exports and domestic demand hit by Corona19. At today's meeting, 36 trillion won of trade finance was invested in export companies, and 17.77 billion won of domestic supplementary measures were also discussed.

Reporter Jeon Byeong-nam.

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President Moon Jae-in, who presided over the fourth emergency economic meeting, said he has taken unprecedented measures so far, but it is not enough.

He said he had prepared measures to support export companies that had been hit by supply chain collapse and trade contraction.

[President Moon Jae-in: We will supply more than 6 trillion won of trade finance. We will extend the maturity of export insurance and guarantees to support 30 trillion won, and emergency liquidity for export companies will also support 1 trillion won.]

He also emphasized that he would supply additional trade finance of more than 5 trillion won so that export opportunities could not be missed due to funding problems.

He also mentioned a plan to supplement the 17.7 billion won in order to save the frozen domestic demand.

[President Moon Jae-in: In response to the civilian good consumption movement, the public sector is leading the way and wants to generate demands of more than 3.3 trillion won early through prepayment and pre-purchase. We also decide on special measures to further ease the tax burden on a scale of 12 trillion won.]

President Moon explained that this would eliminate the increasing number of defective companies and the increased damages of nearly 7 million private businesses.

At the same time, he said that he would provide an additional 2,200 billion won in funding to start-ups and venture companies, and establish special guarantees to strengthen economic innovation.