Finance Minister Hong Nam-ki said Thursday the government plans to provide another round of emergency relief funds to people hit hard by the pandemic before next month's fall harvest Chuseok holiday.
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.
The government unveiled a 19.5 trillion won stimulus package, which includes a 15 trillion won supplementary budget that will provide maximum 5 million won grants for small businesses impacted by the restrictive Covid-19 social distancing.
Legislation to provide state compensation to small business hurt by the Covid-19 pandemic is being pursued by the ruling Democratic Party (DP), a plan which initially received a negative response from the Finance Ministry.
Gyeonggi Gov. Lee Jae-myung is giving 100,000 won ($91) to all residents of the province to cope with Covid-19 economic fallout, despite the ruling party's disapproval.
Only 0.2 percent of the free money was returned despite pleas from the administration for people who don't really need the relief cash to give it back. It seems that the message from President Moon Jae-in and some lawmakers did not get through.