SEOUL, July 24 South Korea's central bank said
on Thursday it would create a 3 trillion won ($2.93 billion)
lending facility in September to support capital investment by
companies as policymakers strive to shore up the economy.
The Bank of Korea said in a statement it would supply the
funds with an annual interest rate of 1.0 percent to lenders,
who in turn could lend up to 12 trillion won to companies
investing in production facilities.
The central bank's estimates showed early on Thursday that
Asia's fourth-largest economy logged its worst quarterly growth
in more than a year in the April-June period as private
($1 = 1025.3000 Korean won)
(Reporting by Christine Kim; Editing by Choonsik Yoo and