S. Korean government reviews emergency fund for job stabilization amid COVID-19 outbreak

Arirang News 2020-05-04

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오늘 국무회의서 긴급고용안정지원금 9천 400억 투입 의결,... 대통령 수보회의서 생활방역 언급 주목

South Korea's Prime Minister Chung Sye-kyun has deliberated a new 767 million U.S. dollar emergency fund targeting job stabilization.
This is a follow-up to President Moon Jae-in's special employment stability measures that involves spending some 8-point-1 billion dollars to keep people in work and support the livelihoods of 2-point-8 million workers.
The PM is likely to call for full-support to cushion the economic impact of the COVID-19 pandemic on the employment and local consumption front.
Also Monday,... President Moon, during a weekly meeting with his top aides, is likely to press the importance of caution ahead of this week's easing of social distancing regulations.

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