SOUTH KOREA: Moon looks to long-term growth in new stimulus package

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The Moon Jae-in administration unveiled South Korea’s largest-ever supplemental budget, a KRW 35.3tn (USD 29bn) package that is more than its first two emergency budgets combined. Although the total spending is less than meets the eye, since it includes the budget includes KRW 10tn (USD 8.2bn) in savings due to “revenue adjustments,” the new budget provides significant new outlays for emergency measures, including subsidies to help employers retain workers, strengthen the safety net for unemployed workers, help ailing exporters, and boost household consumption. The budget also marks a t
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https://trib.al/Bcbe1U8

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