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South Korea Foreign Aid Ussr

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September 2, 1991 | From Times Staff and Wire Reports
Aid Package for Soviets Will Proceed: With the coup in the Soviet Union ending in failure, the Seoul government and South Korean banks said they will proceed with plans for providing financial assistance to Moscow. The Koreans had promised Moscow a $3-billion aid package earlier this year. A syndicate of 10 Korean banks plans to provide one assistance installment--a $550-million cash loan--later this month.
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BUSINESS
September 2, 1991 | From Times Staff and Wire Reports
Aid Package for Soviets Will Proceed: With the coup in the Soviet Union ending in failure, the Seoul government and South Korean banks said they will proceed with plans for providing financial assistance to Moscow. The Koreans had promised Moscow a $3-billion aid package earlier this year. A syndicate of 10 Korean banks plans to provide one assistance installment--a $550-million cash loan--later this month.
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