Last year 218,000 fewer people were employed in Korea compared to 2019, the biggest decline in more than two decades since the IMF crisis of the late 1990s.
The government saw an increase in tax revenue in August, but has collected 17 trillion won ($14.8 billion) less in taxes over the last eight months compared to a year earlier as companies and small businesses struggle with the coronavirus pandemic.
A mobile ID system, studios for K-pop virtual concerts and the burying of power cables are some of the projects that are set to be funded by Korea's record 2021 budget.
Korea JoongAng Daily Sitemap