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15. Moody’s upgraded Korea rating to A1 with stable outlook

15. Moody’s upgraded Korea rating to A1 with stable outlook

Since Sept 2009, Moody’s is the first time to upgrade Korea’s rating among international rating agencies to pre-crisis level. April 14, Moody’s investors service has changes South Kroea’s government bond rating to A1 from A2 and maintains a stable outlook. Also that includes moving the ceiling applied to foreign currency bonds issued in Korea to Aa2 from Aa3 and foreign currency bank-deposits to A1 from A2. To see more, visit at http://www.fsc.go.kr/eng/index.jsp

14. Government Support Measure for Low-income Earners

14. Government Support Measure for Low-income Earners

On-going effort to support low-income earners has been and still is one of the top priorities for the government. To help allay financial burden of those people who are using private lending service companies paying excessively high interest rate, 49% per annum, which is a lingering problem.  FSC will provide 10 trillion won in loans to below-average credit rating holders, with leverate of 5 times of the fund. Also FSC is going to lower the maximum interest rate private lenders can chard from current 49% to 39% within one year. To see more, please visit at visit at http://www.fsc.go.kr/eng/index.jsp