You are here

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

Tuesday, June 6, 2017 - 05:50

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.


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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom