25 March 2020 – Introduced broad wage support measures for businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Wage and income support
Sectors Involved: Business support
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Korean government expanded its previously-announced wage subsidy plan from 100 billion won (US$80.8 million) to 500 billion won (US$400.3 million).
Full details here: http://english.moef.go.kr/pc/selectTbPressCenterDtl.do?boardCd=N0001&seq=4865