24 March 2020 – Purchased corporate bonds

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Korean government announced that it would purchase 20 trillion won (US$16 billion) in corporate bonds to prop up companies facing a credit crunch due to COVID-19.
Full details here: https://www.aljazeera.com/ajimpact/south-korea-doubles-funds-fighting-virus-80bn-200324043528028.html