Korea to launch 1st tranche of New Deal policy fund by March
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Deputy Prime Minister and Finance Minister Hong Nam-ki is entering a meeting room at Seoul Government Complex to discuss New Deal Fund development on Wednesday. (Yonhap)
The South Korean government is poised to launch the first batch of its 20 trillion-won ($18 billion) government policy fund aimed at supporting Korean New Deal projects by March, the Finance Minister said Wednesday.
With the first batch to start in March, the government is looking to raise 4 trillion-won commitments in the first year of the five-year scheme, Finance Minister Hong Nam-ki, who doubles as deputy prime minister, said in a pangovernmental meeting held at Seoul Government Complex.