South Korea's finance minister said on Thursday the government will consider drafting its fourth supplementary budget of this year should the economic fallout from the coronavirus pandemic significantly worsen.
FILE PHOTO: A man looks out from his shack as a luxury high-rise apartment complex is seen in the background at Guryong village in Seoul, South Korea, April 2, 2015. REUTERS/Kim Hong-Ji
As coronavirus cases rise, officials are debating whether they should deploy the toughest stage 3 social-distancing rules, where schools and business are urged to close, which would inflict further pain on Asia’s fourth largest economy. “So regarding the fourth extra budget, that will depend on the pace of new coronavirus case increases, as well as decision on whether we raise social distancing rules.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
North and South Korea brace for strong typhoonHundreds of flights were canceled in South Korea while North Korea’s leader expresses concern about a potential loss of lives and crops as the countries brace for a fast-approaching typhoon packing 100 mph winds.
Weiterlesen »
South Korea orders striking doctors back to work amid surge in coronavirus casesSouth Korea ordered doctors in the Seoul area to return to work on Wednesday as they began a three-day strike in protest of several government proposals, including one to boost the number of doctors to deal with health crises like the coronavirus.
Weiterlesen »
South Korea, Facing Coronavirus Surge, Resists Tightest RestrictionsSouth Korea’s left-leaning President Moon Jae-in and the public-health architects of one of the world’s successful coronavirus responses resist imposing the tightest restrictions after cases surge.
Weiterlesen »
Samsung Electronics trials work-from-home as South Korea battles virus resurgence: officialSamsung Electronics Co Ltd plans to allow some workers in South Korea to work from home in September under a pilot programme, a company official said on Thursday, as the country battles a resurgence in novel coronavirus cases.
Weiterlesen »
South Korea central bank cuts 2020 GDP outlook, open to more stimulus to fight virus falloutSouth Korea's central bank kept interest rates steady on Thursday, but sharply downgraded its 2020 growth outlook and kept the door open for more monetary stimulus to support an economy hard hit by the coronavirus pandemic.
Weiterlesen »
South Korea stops short of toughest coronavirus measures despite case riseSouth Korean authorities stopped short of shifting the country up to the highest level of social distancing measures on Friday, despite recording another triple-digit increase in daily new coronavirus cases.
Weiterlesen »