Menu Content
Go Top

Economy

S. Korea to Offer Financial Support to Temp Workers Hit by COVID-19

Written: 2020-05-07 10:08:32Updated: 2020-05-07 11:36:10

S. Korea to Offer Financial Support to Temp Workers Hit by COVID-19

Photo : YONHAP News

Finance Minister Hong Nam-ki said on Thursday that the government will provide financial support for 930-thousand temporary workers hit hard by the COVID-19 outbreak.

The minister announced the plan while chairing an online meeting with economy-related ministers in Seoul. 

Hong said that last month, the government decided to create a job stabilization package worth one-point-five trillion won to provide an enhanced safety net for workers who are vulnerable to the economic fallout of the coronavirus.

The minister said the government has produced a set of related plans, under which it will offer 500-thousand won per month for three months to about 930-thousand temporary or freelance workers facing financial difficulties amid the virus outbreak. 

The minister said the government plans to obtain the necessary funds by using 940 billion won from reserve funds and securing additional funds from a third supplementary budget.

Related News

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >