FILE PHOTO: South Korean President Moon Jae-in speaks during his New Year press conference at the presidential Blue House in Seoul, South Korea, January 14, 2020. REUTERS/Kim Hong-Ji/Pool/File Photo
The subsidies and cheap loans will help some 2.86 million people as vanishing jobs hit Asia’s fourth largest economy after months of self-isolation aimed at containing the coronavirus. Finance minister Hong Nam-ki said in a briefing that it was ‘inevitable” a third supplementary budget for this year will be drawn up to finance part of some 10 trillion won needed for additional wage subsidies, job training and other loans. Most of it will be funded by issuing deficit-covering bonds, he said, without elaborating on the exact amount of the third extra budget.
“The government will protect key sectors from failing through the ‘key sector stabilization fund’,” Moon told the meeting, without detailing specific sectors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea says 'no unusual signs' detected about Kim Jong Un's healthSouth Korea says it can't corroborate reports that North Korean leader Kim Jong Un is gravely ill, with an official in the presidential office saying Seoul believes he is with officials traveling outside the capital, Pyongyang. Ok so where’s the accountability katiecouric Hope he's fine
Source: CNN - 🏆 4. / 95 Read more »
South Korea looking into reports about Kim Jong Un's healthSEOUL, South Korea (AP) — The South Korean government on Tuesday was looking into U.S. media reports saying North Korean leader Kim Jong Un was in fragile condition after surgery. Officials... poggers amen Don't go crazy, its a CNN story, more than likely its fake news.
Source: AP - 🏆 728. / 51 Read more »
South Korea looking into reports about Kim Jong Un’s healthThe South Korean government is looking into U.S. media reports that North Korean leader Kim Jong Un was in fragile condition after surgery So, what you're saying is that Kim Jong ILL Well, it's good to have a bit of good news during these difficult time. Should they not be looking after the surgeon? Kim family has probably arrested him already
Source: politico - 🏆 381. / 59 Read more »
South Korea says North Korea's Kim is not seriously ill: YonhapNorth Korean leader Kim Jong Un was not seriously ill, South Korea's Yonhap news agency said citing a government official on Tuesday, contradicting a CNN report he was in 'grave danger' after a surgery. give proof or you're lying. _makavelijones excelent... perfect... but how come later! hehehe
Source: Reuters - 🏆 2. / 97 Read more »
South Korea set to post largest GDP contraction since 2008: Reuters pollSouth Korea's economy likely shrank at its sharpest pace since 2008 in the first quarter as the coronavirus health crisis ravaged business activity and global demand, a Reuters poll showed on Tuesday. Thanks to China's spread of the WuhanVirus. The biggest economic slump has been witnessed due to the pandemic after the Great Depression Latest updates | cases per million population👇 COVIDー19 CoronavirusPandemic
Source: Reuters - 🏆 2. / 97 Read more »