South Korea to provide $137B to exporters

Transcript

00:00 In a bid to enhance exports and attract more tourists, South Korea will be offering a staggering

00:05 137 billion dollars in affordable loans to exporters while also raising visa processing

00:11 fees for Chinese tourists until the conclusion of this year. In a major move, the government has set

00:17 its sight on a significant increase in the number of Chinese tourists visiting in the country,

00:22 targeting 1.5 million visitors per year or per month. Additionally, there are high hopes for

00:28 the country's exports as authorities anticipate a shift towards growth in the fourth quarter.

00:34 According to analysts at ING, there is a forecasted deceleration in third-quarter

00:40 economic growth to 0.2 percent quarter on quarter.