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S Korea launches 11.2t won fiscal package to boost jobs, welfare

Tuesday, June 6, 2017 - 05:50

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President Moon's ruling party faces a challenge passing the extra budget bill as it only holds 40% of the National Assembly's 299 seats.

Sejong

SOUTH Korea's new government announced a 11.2 trillion won (S$13.8 billion) fiscal stimulus package on Monday, increasing social welfare subsidies and taking steps to deliver on President Moon Jae-in's election promise to create 810,000 public sector jobs.

But Mr Moon's

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