President Moon unveils multi-billion dollar stimulus package to revive S. Korea's job market
- 4 years ago
문대통령 "40조원 규모 기간산업안정기금 긴급 조성...3차 추경 추진"
Our top story this lunchtime...
President Moon Jae-in has announced another stimulus package this time worth over 32 billion U.S. dollars to prop up South Korea's job market that has been slammed by the COVID-19 outbreak.
During the fifth session of the country's emergency economic council on Wednesday,... President Moon said it will be used to help key industries by providing liquidity and funding support to ensure they don't collapse.
President Moon added the government will add another 28 billion dollars to its initial 80 billion financial relief package announced a few weeks ago... to expand support for the self-employed and small businesses,... as well as companies with low credit ratings.
Another 8 billion will be used to prevent an employment crisis and covering potential blind spots.
The government will be creating some 500-thousand new jobs,... as well as providing customized support for industries hit-hardest to ensure they can maintain employment.
To fund the measures, President Moon ordered for the swift preparation of a third supplementary budget,... calling on cooperation from the National Assembly.
Our top story this lunchtime...
President Moon Jae-in has announced another stimulus package this time worth over 32 billion U.S. dollars to prop up South Korea's job market that has been slammed by the COVID-19 outbreak.
During the fifth session of the country's emergency economic council on Wednesday,... President Moon said it will be used to help key industries by providing liquidity and funding support to ensure they don't collapse.
President Moon added the government will add another 28 billion dollars to its initial 80 billion financial relief package announced a few weeks ago... to expand support for the self-employed and small businesses,... as well as companies with low credit ratings.
Another 8 billion will be used to prevent an employment crisis and covering potential blind spots.
The government will be creating some 500-thousand new jobs,... as well as providing customized support for industries hit-hardest to ensure they can maintain employment.
To fund the measures, President Moon ordered for the swift preparation of a third supplementary budget,... calling on cooperation from the National Assembly.