South Korea expands corporate bond buying program amid credit crunch

South Korea expands corporate bond buying program amid credit crunch

SEOUL, Oct 23 (Reuters) – South Korea’s government will expand its corporate bond buying program among other liquidity-providing measures amid growing concerns about a credit crunch on short-term bond and money markets. The government will double the ceiling of its corporate bond purchase facility managed by state-owned banks to 16 trillion won ($11 billion), Economy …

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