SEOUL – President Meng Jian publicly announced a small business aid package worth 50 trillion won ($ 39 billion) on Thursday in response to the Kuwaiti-19 crisis. This is the opening of the Emergency Economic Council.



The president said the emergency financing plan is aimed at preventing small and medium-sized companies, small business owners and self-employed individuals from bankruptcy and easing their financial worries. There is growing fear of a recession and a global credit crisis.

"It is a special emergency financial measure of 50 trillion won," President Meng Jian said at the start of the presidential office session.

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