South Korean Pres. Moon calls for third extra budget amid coronavirus crisis
|At a press briefing on Wednesday, South Korean President Moon Jae-in said that his government will increase policy financing rescue package to 135 trillion won, from 100 trillion won.
Additional comments
Will create 40 trillion won fund to keep more Koreans in jobs.
Will increase subsidies for airlines, duty-free businesses to help them keep jobs.
Will create 500,000 jobs, help young Koreans find jobs.
Will prepare third supplementary budget.
USD/KRW holds the higher ground
USD/KRW keeps its range near daily highs of 1,237.25, unable to benefit from the extra stimulus plan drawn by the South Korean President.
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