South Korea pledges $39 billion emergency funding for small businesses
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SEOUL (Reuters) - South Korean President Moon Jae-in pledged 50 trillion won ($39 billion) in emergency financing for small businesses and other stimulus measures on Thursday to prop up the coronavirus-hit economy.The package is the latest in a string of steps the South Korean government has taken to curb pressure on Asia's fourth-largest economy, including an interest rate cut, an extra 11.7 trillion won (7.9 billion pounds) budget and more dollar supplies.The government will issue loan..