South Korea to make an emergency cash payment to most families and draw up a second supplementary budget next month in a bid to ease the drawn-out economic impact of the coronavirus outbreak via sangmi_cha HeeShin Live updates:
A couple prepares to watch a movie from their car at a drive-in theater that has been temporarily made for residents to enjoy movies while keeping social distancing following the outbreak of the coronavirus disease , in Seoul, South Korea March 27, 2020. REUTERS/Kim Hong-Ji
“Citizens suffered from the coronavirus and they all deserve to be rewarded for their pain and participation in preventive efforts,” Moon told the meeting in comments broadcast on television. Finance Minister Hong Nam-ki said the government would have to issue deficit-covering bonds to at least partially fund the second budget.
The Korea Centers for Disease Control and Prevention reported 78 new cases on Monday, at least 13 of whom were people who arrived from abroad, most of them South Koreans.
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South Korea to pay cash to families, bring in extra budget reliefSouth Korea will make an emergency cash payment to most families and draw up a second supplementary budget next month in a bid to ease the drawn-out economic impact of the coronavirus outbreak, President Moon Jae-in said on Monday.
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