FILE PHOTO: A water park employee looks on in Yongin, South Korea, as measures to avoid the spread of the coronavirus disease (COVID-19) continue, June 5, 2020. REUTERS/Kim Hong-Ji/File Photo
Seoul: South Korea has announced a number of measures to help companies win overseas orders in several countries, as part of its efforts to revive the growth of the economy amid the outbreak of Coronavirus (COVID-19).
Minister of Economy and Finance Hong Nam-ki said that the government will choose 30 main overseas orders that have great potential to win over the next two years and cost over USD 100 billion, explaining that the government will help local companies as much as possible in order to obtain them, reported Yonhap.
The government will do everything in its power to achieve the goal of winning USD 30 billion in overseas project this year, despite the COVID-19 crisis, Hong explained.
The government has also decided to run a USD 15 trillion worth financial support program in order to get more overseas orders, and it will set up total funds of 3.7 trillion won (USD 3.07 billion) to aid local firms in winning overseas orders, Hong added.
The government has not revealed the names of the overseas projects, but the industrial sector expects to include anticipated projects in Bangladesh, Myanmar and other countries. (QNA)
