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South Korea to draw up second extra budget, give cash payments to many families as virus relief

Published 03/29/2020, 11:05 PM
Updated 03/29/2020, 11:05 PM
© Reuters. South Korea's President Moon Jae-in speaks at the 8th trilateral leaders' meeting between China, South Korea and Japan in Chengdu

© Reuters. South Korea's President Moon Jae-in speaks at the 8th trilateral leaders' meeting between China, South Korea and Japan in Chengdu

SEOUL (Reuters) - South Korea's President Moon Jae-in said on Monday that the government will provide emergency cash payments to many families and draw up a second supplementary budget soon to ease the economic impact of the coronavirus outbreak.

The cash payments will be made to all households except the top 30% by income.

© Reuters. South Korea's President Moon Jae-in speaks at the 8th trilateral leaders' meeting between China, South Korea and Japan in Chengdu

The president said the extra budget should receive parliamentary approval in April.

Latest comments

S.korea president is the responsible one who ignored medical doctor's advise to close border to China, epicenter at that time, and made all over the country be impacted.
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