[Infostock Daily= Reporter Park Sang-In] The target of the 40 trillion won periodic industrial stabilization fund was reduced from seven to two in the aviation and shipping industries.
The Financial Services Commission said that the amendment to the Enforcement Decree of the Korea Development Bank Act passed the Cabinet meeting.
The enforcement ordinance passed by the Cabinet meeting was designated as a support target for two industries, aviation and shipping. Other industries were designated by the Financial Supervisory Commission after hearing opinions from the ministries concerned and consulting with the Ministry of Strategy and Finance.
The amendment to the Korea Development Bank Act passed the National Assembly on the 29th of last month, which is a legal basis for the creation of a periodic industrial stabilization fund to support the periodic industry suffering from the Corona 19 crisis.
Reporter Park Sang-In si2020@infostock.co.kr