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South Korea unveils $9.8 billion stimulus to fight coronavirus

South Korea unveils $9.8 billion stimulus to fight coronavirus

Wednesday, March 4, 2020, 5:42 PM

South Korea announced a stimulus package of 11.7 trillion won ($9.8 billion) on Wednesday to cushion the impact of the largest outbreak of coronavirus outside China as efforts to contain the disease worsen supply disruptions and sap consumption. Finance Minister Hong Nam-ki said the supplementary budget, subject to parliamentary approval, will channel money to the health system, child care, and outdoor markets.
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