South Korea to support smaller firms exposed to currency volatility
2013-01-22 12:54:32
South Korea's Finance Minister Bahk Jae-wan on Tuesday said the government will take measures to help small exporters exposed to the currency volatility.
The government plans to provide state funds to smaller companies, such as exporters of auto parts.
Bahk said expressed concern about the automobile industry and others, where price competitiveness is an important factor in exports. Further, he said smaller firms might see their business get worse because of currency fluctuation.