The government started accepting applications from small businesses like restaurants and bars for pandemic subsidies of up to 20 million won ($17,000) -- and payments went out almost immediately.
It was the first supplementary budget for this year and the fifth since the Covid-19 pandemic started.
The government has been enforcing the Level 2.5 social distancing for more than two months around the capital region, while allowing one more business hour until 10:00 p.m. in other regions. Whether such strict measures are...
A full 90 percent of the third round of relief grants will be distributed before the Lunar New Year holidays next month, Finance Minister Hong Nam-ki reaffirmed.
The central bank said Wednesday it will further expand financial support for smaller merchants and firms to help them ease a funding squeeze amid the new coronavirus outbreak.