Korea launches W80tr support program for steel industry

The Financial Services Commission on Friday unveiled an 80 trillion won ($54 billion) support package for the steel industry, seeking to contain fallout from war in the Middle East before it spreads to sectors such as machinery and electronics. FSC Chairman Lee Eog-weon met with steelmakers and financial institutions, including state-run lenders and commercial banks, in the third of a series of sector-specific meetings aimed at assessing the crisis' impact and coordinating response measures. "Th

By The Korea Herald