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>SEOUL - SOUTH Korea unveiled on Monday an economic stimulus package worth at least 14 trillion won (S$16.2 billion) to help assure a soft landing in Asia's fourth-largest economy in the face of a looming global recession.
The Finance Ministry said it would expand fiscal spending by 11 trillion won in 2009 and offer additional tax cuts totalling 3 trillion won.
It also said it would sharply raise the size of bond sales to fund intervention in the foreign exchange market and offer a state guarantee on foreign-currency deposits at local financial institutions. -- REUTERS
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