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

  • 📰 The Straits Times
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  • News: 10%
  • Publisher: 63%

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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.

 

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