SEOUL Nov 25 South Korea's finance minister
said on Friday he expects business conditions to worsen due to
local interest rates tracking rising U.S. yields, and volatility
gripping financial market.
"Marginal companies (in South Korea) are expected to see
some adverse effects from the rising interest rates following
increases in U.S. yields, and growing financial market
volatility," Yoo Il-ho said in a meeting with other ministers in
Speaking on the ongoing corporate restructuring process, he
said that the government will secure 6.5 trillion won to help
shipping firms by the end of this year.
(Reporting by Cynthia Kim; Editing by Simon Cameron-Moore)