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LDP To Discuss Cash Handouts


There are reports that South Korea's ruling Democratic Party will discuss cash handout for all citizens. Lawmaker Lee said in a party meeting that emergency cash handout for all citizens created a virtuous cycle last year by revitalizing regional economies and domestic demand. It remains to be seen how it will be funded. There have already been a number of special budgets to finance stimulus measures, the extra issuance associated with this has pushed yields higher.

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