S. Korea proposes largest-ever extra budget to battle pandemic

SEJONG --- South Korea on Wednesday proposed another extra budget plan worth 35.3 trillion won ($29 billion) that will help key industries cushion the economic blow from the coronavirus pandemic and protect jobs. The biggest-ever budget, which is subject to approval from the National Assembly, will raise the total of the nation's stimulus packages to 270 trillion won as the government has stepped up fiscal and monetary responses to the pandemic, according to the Ministry of Economy and Finance. The third budget follows a second supplementary budget worth 12.2 trillion won in April to fund emergency handouts for households and the first one totaling 11.7 trillion won in March to...Keep on reading: S. Korea proposes largest-ever extra budget to battle pandemic

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