South Korean Finance Ministry said Thursday that it will inject an additional 16 billion U.S. dollars into its financial system starting next Monday.

Of the total funds, 10 billion U.S. dollar will be from the Bank of Korea (BOK) while the government will supply 6 billion U.S. dollars.

The fund is to help companies ease a dollar shortage confronting local companies amid frozen credit conditions.

The ministry said with the additional funds the amount that the government and the central bank have supplied to the financial system this year totaled 55 billion U.S. dollars.