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S Korea to inject 22 trillion won stimulus into Mers-hit economy

This will raise growth by 0.3 percentage point in 2015 and 0.4 percentage point in '16

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Published Fri, Jul 3, 2015 · 09:50 PM

    Seoul

    THE South Korean government has agreed to inject 22 trillion won (S$26.4 billion) into the flagging economy, which has been hit by the Middle East Respiratory Syndrom (Mers) virus outbreak and sluggish consumption.

    The stimulus package was passed at a Cabinet meeting of government ministers, the finance ministry said on Friday.

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