SEOUL, Nov. 23 (Korea Bizwire) — South Korea said Tuesday it plans to chart out around 12.7 trillion won (US$10.7 billion) worth of support measures for pandemic-hit small merchants and vulnerable people with excess tax revenue and the state budget. The government unveiled a package of measures to support small merchants, including low interest rate [...]
SEOUL, March 3 (Korea Bizwire) — South Korea on Wednesday unveiled another set of measures to support airlines hit hard by the COVID-19 pandemic in the latest move to help airlines stay afloat during the crisis. The government will continue to reduce the airport usage fee for the airlines until June, the Ministry of Land, [...]
SEOUL, March 24 (Korea Bizwire) — South Korea on Tuesday unveiled an emergency aid package worth 42 trillion won (US$34 billion) to help ease the credit crunch and stabilize financial markets hit hard by the spread of the new coronavirus. The aid package came as the COVID-19 pandemic dealt a harsh blow to South Korean [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea plans to spend 537 billion won (US$478 million) to help nurture the country’s traditional markets, the government said Wednesday. According to the Ministry for SMEs and Startups, around half of the earmarked budget will be spent to help expand parking space and related facilities in a way [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea announced Thursday a package of measures to help ease the hardships of small and midsized shipbuilders that are struggling from a lack of new orders. The shipbuilding industry, once a cornerstone of the South Korea’s economic growth and job creation, has been reeling from mounting losses caused [...]