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SOUTH KOREA
SOUTH KOREA: Per Yonhap, "The government approved details in a Cabinet meeting
Friday to allocate a 12.2 trillion-won (US$10 billion) extra budget to fund
emergency handouts for households over the new coronavirus. The move is a
follow-up to the National Assembly's passage of the supplementary budget
designed to provide emergency aid to all households to help them cope with the
economic impact of COVID-19. At a provisional Cabinet meeting, Prime Minister
Chung Sye-kyun ordered government officials to take steps for the swift
provision of the money to people."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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