The ruling Democratic Party (DP) said Tuesday it will earmark part of next year's budget for more universal Covid-19 relief grants as proposed by DP presidential candidate Lee Jae-myung.
Finance Minister Hong Nam-ki said Thursday the government will include spending at as many businesses as possible when calculating its planned card cash-back program, which is due to kick off in October.
Korean households are about to get free money from the government in the form of 250,000 won ($214) emergency relief grants -- and retailers are hoping to pull a lot of it into their cash registers.
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.
Young, single Koreans say that the government's latest round of Covid-19 relief payments unfairly discriminates against unmarried people with an unreasonably low cut off point for grant eligibility.
A street near a university in central Seoul, which used to be crowded on weekends, stands virtually empty, largely due to social distancing measures on Sunday.
Travel agencies say it's time to move on from Covid-19.
Tax reform is inevitable considering the fiscal pressure that Korea faces especially from the aging population the head of the OECD said. He also supported selective support emergency relief grants.
The government will shell out its third relief fund to the self-employed and workers in precarious situations next month. The 5.6-trillion-won ($5.1 billion) package is much smaller than the first universal relief handout...
Businesses say that the next round of relief money, the third attempt by the government to keep small companies whole, will barely cover a month of rent.