News Formal

South Korea plans for coronavirus cash handouts for second time: Finance Minister

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

SEOUL (REUTERS) - South Korea's finance minister on Tuesday (Sept 1) said the government and ruling party will need to provide cash handouts to some households as tightened social distancing policy is causing a downturn in the economy.. Read more at straitstimes.com.

SEOUL - South Korea's finance minister on Tuesday said the government and ruling party will need to provide cash handouts to some households as tightened social distancing policy is causing a downturn in the economy.

"A targeted approach will be more effective" to provide cash handouts, rather than to provide it to every household, Hong Nam-ki said in a televised interview last on Tuesday night. The government in May provided cash handouts to every household to ease the economic impact of the coronavirus outbreak.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung leader Jay Y. Lee indicted in South Korea on allegations concerning 2015 mergerSouth Korean prosecutors indicted Samsung Group's Jay Y. Lee on Tuesday on allegations of accounting fraud and stock price manipulation pertaining ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »