홍남기 "민간투자 5.8조 발굴…공공투자 60.5조 연내 집행"<br /><br />The South Korean government has unveiled a plan to inject billions of dollars into the private and public sector.<br />The move is part of its 85-billion U.S. dollar investment plan to help the South Korean economy recover from the impact of COVID-19.<br />Yoon Jung-min reports.<br />South Korea aims to create more jobs through faster investment in private companies in the latter half of this year.<br />Finance Minister Hong Nam-ki said Thursday that as well as its 51 billion-dollar planned investment in the public sector, the government will create investment projects in the second half of the year to inject around 4-point-9 billion U.S. dollars into private businesses.<br />The finance minister also unveiled a plan to increase investment for non-contact industries and biotech industries by over 1-point-8 billion dollars.<br />The government said that as part of plans to create 150-thousand private sector jobs, it will create 50-thousand jobs in the digital sector for young job-seekers, and another 50-thousand jobs at small- and mid-sized firms.<br />It will launch these projects no later than July.<br />Regarding the job status for May announced Wednesday,... Hong said the government is aware of the poor job situation, but said it's getting better.<br />"Jobs numbers have been falling for three consecutive months, but the employment shock is getting better with a relatively smaller decline of 390-thousand jobs. We will do more based on our job retention policy and job creation policy."<br />In addition, the government plans to revise rules on corporate venture capital.<br />And the finance minister said the government is mulling over buying up corporate assets to help companies struggling from the liquidity crunch.<br />Yoon Jung-min, Arirang News.<br />
