September 13, 2012 / 2:10 AM / 5 years ago

S.Korea c.bank sets $1.3 bln support for small firms

SEOUL, Sept 13 (Reuters) - South Korea's central bank said on Thursday it would provide 1.5 trillion won ($1.33 billion) to local banks for lending to low-income, small business owners.

The plan starts next month and will be effective for five years, the Bank of Korea said in a statement. ($1 = 1126.4250 Korean won) (Reporting by Christine Kim; Editing by Choonsik Yoo and John Mair)

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