South Korea announces economic relief package
Korea (Reza Shah) South Korea has announced its third economic relief package worth 8. 8.49 billion, which will benefit about 5.8 million people and start direct cash payments from January 11. The latest aid program is aimed at small. Reduce the financial burden on traders and low-income workers.
The government will provide direct cash to 2.8 million small traders with annual sales of less than 400 million Korean won Small business owners who run restaurants and coffee shops will receive 2 million won in cash. Owners forced to close their businesses due to strict government orders, including indoor gyms, private educational institutions, and clubs, will receive 3 million won.
About 80,000 taxi drivers and 90,000 care and maintenance workers will be given 500,000 won. One trillion won will be given to small traders in the form of loans at an interest rate of 1.9 percent per annum. The fund plan will be subject to cabinet approval
