South Korea Pledges $35 Billion in Support for Credit Markets.

(Bloomberg) -- South Korea pledged at least 50 trillion won ($34.7 billion) in support for credit markets that have been strained by rising interest rates, stepping in to reduce the risk of defaults weighing on the economy. Korea will resume purchasing commercial paper and corporate bonds from Monday, first injecting 1.6 trillion won from a 20 trillion won bond stabilization fund, Choo said. [Extracted from the article]