Most Popular
-
1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
2
Medical reform committee kicks off despite boycott from doctors
-
3
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
4
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
5
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
6
DP leader says he will meet Yoon without conditions
-
7
Over 9,000 hotline calls made by stalking victims in 2023
-
8
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050672_0.jpg&u=)
-
9
Monthly users on local streaming platforms outpace Netflix, Disney+
-
10
US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050672_0.jpg&u=)
South Korea plans to sell 3 trillion won ($2.6 billion) worth of Treasury bills next month to speed up frontloading of the government spending in the coming months, the finance ministry said Tuesday.
The bills will have a maturity of 63 days and be sold in three separate auctions throughout the month, according to the Ministry of Strategy and Finance.
Treasury bills are designed to raise money to cover short-term financial shortfalls, and thus are generally sold with a maturity of less than a year.
The ministry said the South Korean government will issue an average 4 trillion won worth of Treasury bills every month in the first half of the year in a bid to support its expansionary fiscal policy and prop up Asia's fourth-largest economy.
It is pushing forward with using more than 30 percent of the 400.5 trillion-won budget earmarked for 2017 in the first three months of the year.(Yonhap)
