Finance ministry vows to secure US$ 2.9 bil. of supplementary budget for public sector jobs
Updated: 2020-05-20 10:08:11 KST
South Korea's finance ministry has vowed to swiftly secure an almost 2.9 billion dollar supplementary budget for job creation efforts in the public sector.
Finance Minister Hong Nam-ki said Wednesday that the funds will be used to create more than 550-thousand new jobs, including some 100-thousand new jobs in non-contact and digital sectors.
Hong also pledged around 33 billion dollars over the coming month to support local industries hit hard by the pandemic, including the aviation and marine transport sectors.
The ministry will announce detailed plans to boost consumption and investment as well as South Korea's own version of the 'New Deal' in early June when it lays out its economic policy direction for the second half of 2020.