Korea raises money from pensions for market stabilization fund

The government will approach public and private pension funds to raise W1.5 trillion by the end of this month.
October 17, 2000

The Korean government is hoping to raise at least W1.5 trillion ($1.33 billion) for the introduction of a stock market stabilization fund by the end of this month, said a finance ministry official following a ministerial meeting on Saturday.

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