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Seoul rolls out borrower relief to cushion rate-hike fallout
Seoul rolls out borrower relief to cushion rate-hike fallout SEOUL, August 28 (AJP) - South Korea rolled out a targeted financial-relief package for heavily indebted households and small businesses Friday, seeking to contain the fallout from the Bank of Korea's back-to-back rate hikes without reversing the central bank's broader monetary tightening. The government said it will buy and restructure billions of won in long-delinquent debt, expand cheap refinancing for small merchants and increase subsidized lending to low- and middle-cre August 28, 2026