US Department of Agriculture guarantees Seoul Bank for $73 million

The US signals confidence in Asia by alloting $73 million in credit guarantees to Seoul bank to cover Korean importers of U.S. agricultural goods. Hong Kong and China too will be alloted $300 million.
October 26, 2000

The US Department of Agriculture (USDA) has authorized $73 million in credit guarantees for sales of US agricultural products to Korea, in anticipation of a bullish Korean economy.

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