SEOUL, April 11 Reuters South Korea39;s financial regulator said on Tuesday the government would set up a 1 trillion won 758.97 million public fund to support companies that are undergoing a restructuring process.

The Financial Services Commission said in a statement it would raise 1 trillion won this year for its Corporate Structure Innovation Fund, with a goal of raising a maximum 4 trillion won by 2027.

Korea Asset Management Corp, in charge of the fund management, and staterun banks will together contribute 500 billion won to the fund, while the remaining half will be raised from the private sector, the Commission said.

1 1,317.5800 won

Reporting by Jihoon Lee; Editing by Rashmi Aich

Source Reuters