Low Graphics Site


 






|
|
|
|
June 21, 2007
|
Thursday
|
Jamadi-us-Sani 05, 1428
|
Fund to help small firms
SEOUL, June 20: South Korea's government offered on Wednesday to set up a $1.08bn fund to help small and medium-sized firms with high technology. Finance Minister Kwon O-Kyu did not say when the $1.08 billion fund would be set up but promised to create a better business environment for small firms.
“The government decided to create the fund aimed at supporting small- and medium-sized companies with high technology,” he said at a meeting of businessmen.
Business groups have urged the government to improve unfavourable market conditions but in response, the government has struggled to boost corporate capital spending. —AFP
|