SOUTH KOREA
From Times Staff and Wire Reports
Aid Package for Soviets Will Proceed: With the coup in the Soviet Union ending in failure, the Seoul government and South Korean banks said they will proceed with plans for providing financial assistance to Moscow. The Koreans had promised Moscow a $3-billion aid package earlier this year. A syndicate of 10 Korean banks plans to provide one assistance installment--a $550-million cash loan--later this month. South Korean consumer goods will also be exported to the Soviet Union this month in a deal to be financed by another South Korean loan.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.