South Korea Unveils $12bn Budget To Cushion Blow Of COVID Curbs
Jan 21, 2022 ·
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Description
South Korea unveiled a 14 trillion won supplementary budget on Friday to support the self-employed and small businesses that have taken a heavy hit from extended COVID-19 curbs. The finance...
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South Korea unveiled a 14 trillion won supplementary budget on Friday to support the self-employed and small businesses that have taken a heavy hit from extended COVID-19 curbs.
The finance ministry says some 11.5 trillion won will be used to help small business owners and compensate their losses caused by the extension of virus-related measures.
Another 1.5 trillion won is earmarked to secure COVID-19 treatment pills for 400,000 people and 25,000 hospital beds.
The other 1 trillion won will be used as contingency reserves should the Omicron coronavirus variant spread further and require more support.
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The finance ministry says some 11.5 trillion won will be used to help small business owners and compensate their losses caused by the extension of virus-related measures.
Another 1.5 trillion won is earmarked to secure COVID-19 treatment pills for 400,000 people and 25,000 hospital beds.
The other 1 trillion won will be used as contingency reserves should the Omicron coronavirus variant spread further and require more support.
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