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South Korea to Guarantee Foreign Debt
To shore up a tumbling stock market and a troubled currency, South Korea announced Sunday it would guarantee $100 billion of foreign debt and supply $30 billion to banks and exporters in urgent need of dollars. Amid a global financial crisis, South Korea has emerged as perhaps the most vulnerable major...
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Tags: South Korean, North Korea, Bank of Korea, Republic of Korea, foreign debts, Korea Development Bank, korean government, financial market, global financial, korean banks
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