SOUTH KOREA SIGNS FOR 44.6 BILLION YEN CREDIT
South Korea signed with Japan for a 44.6
billion yen credit facility, part of a four billion dlr aid
package for South Korea's economic development plan to 1988,
Foreign Ministry officials here said.
    The facility, to be used mostly for building a
multi-purpose dam and modernising educational and medical
facilities and for sewer projects, bears interest of 4.25 pct
per year and is repayable over 18 years after a grace period of
seven years.
 REUTER
