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

📆 9/1/2020 8:40 PM
📰 The Straits Times

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

United States News News

United States United States Latest News,United States United States 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.

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:

Write Comment

United States United States Latest News, United States United States 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 »