South Korea plans to provide $30.3bn in financial support to small businesses and construction firms facing challenges due to high interest rates.

South Korea plans to provide $30.3bn in financial support to small businesses and construction firms facing challenges due to high interest rates, with measures including loan guarantees and reduced interest rates starting from April. This move follows the services sector's pessimistic business sentiment, according to a central bank survey. The government also aims to offer liquidity support for builders, providing expanded guarantees and additional loans for profitable real estate projects.