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S. Korea finalizes US$ 10 billion package to boost economy, fight virus

2020-09-10 12 Dailymotion

정부, 12.4조원+a 규모 코로나19 피해 최소화 종합대책 발표<br /><br />In addition to the extra budget, another four billion dollars will be drawn up to support quarantine measures and boost the economy.<br />That brings the total amount to around 10 billion dollars.<br />Safety measures for the Korean Thanksgiving holiday Chuseok have also been announced.<br />Kim Sung-min explains. Supplementing the government's extra budget, the economy-related ministries, the health ministry, the education ministry and others... will be working to support the economy, people's livelihoods and the fight against COVID-19.<br />"Using funds the administration already has, the government will put in another 3-point-9 billion dollars in addition to the 6-point-6 billion dollars in the 4th supplementary budget."<br />That makes the finalized "emergency livelihood and economic package" worth almost 10 billion dollars.<br />The 3-point-9 billion will pay for COVID-19 testing, housing people in quarantine facilities,... helping hospitals that are running out of money and other measures.<br />In terms of the economy, the money will be used for investing in public facilities and to help exporters go online in the pandemic to find buyers.<br />Also, with the Korean thanksgiving holiday Chuseok around the corner, the government will be working overtime to contain COVID-19.<br />Hospitals and testing sites will stay open during the holiday and public transport will be disinfected more often.<br />Face masks will be sold at lower prices through home shopping shows and some of them will be given to lower income people for free.<br />The package also aims to stabilize the consumer prices while boosting local consumption.<br />For items that are in high demand as gifts, the government is going to increase the supply.<br />Also, it's going to ease an anti-corruption law that limits the size of gifts for people who work in certain sectors, so it'll allow gifts of up to 200-thousand won, or about 170 U.S. dollars.<br />People will be able to buy more gift certificates for use at traditional markets up to 8-hundred-40 U.S. dollars' worth.<br />The government aims to implement these measures as soon as possible..., so that they're in place before the holiday begins.<br />Kim Sung-min, Arirang News<br />

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