[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Korean economic news to share with you which is as undermentioned.
Some 15 billion won ($13.4 million) will be allocated in the national budget next year to assist Korean small and medium-sized companies making inroads I nto the Southeast Asian market, a presidential aide said Wednesday, calling the region “a blue ocean” for Korean companies.
“Even if it is a blue ocean market, financial assistance is needed for companies entering the market with insufficient capital,” said Kim Hyun-chul, presidential adviser for economic affairs, at a meeting with local entrepreneurs.
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