.] [South Korea Loans]

The U.S. and other G-7 nations agreed to speed-up delivery of $8 billion in loans to South Korea in a bid to calm fears of a sweeping default. The money was already pledged under the IMF-led bailout, but was not supposed to be used until after funds from the IMF and other lending institutions had been used. NPR's Jim Zarroli reports that condition has been lifted...and the money will begin arriving in South Korea in early January.



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