• BLOOMBERG

  • SHARE

The South Korean government unveiled a 76 trillion won ($62 billion) “New Deal” spending plan to reshape the economy in the aftermath of the pandemic after slashing its growth forecast for the year.

The plan, first outlined by Moon in April, aims to refocus the economy through 2025 by supporting job growth and new industries. It will partly be funded by a third extra budget now being drafted, according to a statement on the policy outlook for the second half.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)