South Korea pledges $39 billion emergency funding for coronavirus-hit small business
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SEOUL (Reuters) - South Korean President Moon Jae-in on Thursday pledged 50 trillion won ($39 billion) (33.93 billion pounds) in emergency financing for small businesses and other stimulus measures to prop up the country's coronavirus-hit economy.The package is the latest in a string of steps Seoul has taken in recent days to curb pressure on Asia's fourth-largest economy, including an interest rate cut, an extra 11.7 trillion won budget and more dollar supplies.The government will issue loan..