SEOUL, July 21 (Korea Bizwire) — The first-round applications for the government’s cash handouts to all South Koreans began nationwide Monday and will continue until Sept. 12, the interior ministry said. Under the plan intended to help stimulate domestic consumption, all South Korean citizens residing in the country as of June 18, the day before [...]
SEOUL, July 10 (Korea Bizwire) — President Lee Jae Myung on Thursday instructed senior aides to draw up measures to maximize effects of cash handouts, which is a part of an extra budget as a stimulus package to boost private consumption. Lee gave the instruction at a meeting with senior aides earlier in the day, [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea said Monday it will begin providing emergency relief funds to people in the bottom 88 percent income bracket next week in the latest move to help them cope with the fallout from the pandemic. The government will begin to provide up to 250,000 won (US$215) per recipient [...]
SEOUL, Aug. 26 (Korea Bizwire) — Finance Minister Hong Nam-ki said Thursday the government plans to provide another round of emergency relief funds to people hit hard by the pandemic before next month’s fall harvest Chuseok holiday. The country plans to provide 11 trillion won (US$9.4 billion) to people in the bottom 88 percent income [...]