S. Korean Pres. Moon: Will draw up second extra budget, give cash handouts as coronavirus relief

South Korea’s President Moon Jae-in said on Monday, the government will offer emergency cash handouts to many families and unveil a second supplementary budget soon to cushion the economic blow from the coronavirus outbreak, per Reuters.

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The cash payments will be made to all households except the top 30% by income.

The extra budget should receive parliamentary approval in April.