SEOUL, March 12 (Reuters) - South Korea’s central bank plans to expand its lending programme for small and medium-sized enterprises by about 3.5 trillion won ($3.1 billion) to support their investments and operations, its chief told reporters on Thursday.
A media relations official at the Bank of Korea said Governor Lee Ju-yeol told a small group of reporters of the increase after a news conference. He did not elaborate on details such as the timing of the increase.
The ceiling is currently at 15 trillion won. ($1 = 1,126.8000 won) (Reporting by Christine Kim and Choonsik Yoo; Editing by Eric Meijer)