20.10.2008 - South Korea pledges $130 billion to aid banks, market
From Bloomberg.com: South Korea sought to rescue its financial system by guaranteeing $100 billion of lenders' foreign-currency debts and providing $30 billion in U.S. dollars to banks. The won rose and the Kospi was little changed after the government said it will also give tax benefits for long-term investors, and the central bank will provide "adequate'' currency liquidity to the markets. The plan, unveiled yesterday, aims to help lenders overcome overseas funding difficulties..... Full Article: Source