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South Korea pledges to calm markets

28 Feb 2020 12:19 PM

South Korea's deputy finance minister on Friday pledged to deploy "all possible measures" to stabilize financial markets, as he said economic indicators from production to consumption are dwindling by the growing number of new coronavirus infections.

Kim Yong said the government plans to include support measures for companies affected by the outbreak of the virus while drafting a supplementary budget.

South Korea recorded 505 new cases of coronavirus in its biggest daily increase yesterday, bringing the total number to 1,766.

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