SEOUL, Jan. 6 (Korea Bizwire) — South Korea plans to provide a huge chunk of its emergency handouts to smaller merchants hit hard by the new coronavirus outbreak by the Lunar New Year’s holiday in early February, the finance minister said Wednesday. The country plans to provide 9.3 trillion won (US$8.6 billion) in relief funds [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea is considering providing rental assistance to smaller merchants hard hit by the new coronavirus outbreak, when it will give them another round of emergency handouts next month, people familiar with the matter said Sunday. The move comes as more smaller merchants and self-employed people are facing the [...]
SEOUL, Aug. 25 (Korea Bizwire) — As South Korea is on the cusp of a potential second wave of mass new coronavirus infections, a debate is brewing over whether and to whom the government needs to provide a second round of emergency handouts. After the country doled out its first COVID-19 response handouts in May, [...]