South Korea to provide $3 billion in financial support for troubled auto suppliers
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SEOUL (Reuters) - South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won (2.45 billion pounds) and encouraging the use of electric cars.As part of its efforts to provide liquidity, South Korea will launch a new credit guarantee programme for bonds worth 1 trillion won issued by the suppliers, using contributions from the government and car makers, the industry ministry said in a statement on..