The government will provide cashable support on a massive scale to 14 million families, including the middle class, facing a crisis due to COVID-19. It is seeking to provide a social safety net and stimulate the economy by experimenting with what, in nature, is practically a basic income.
On March 30, in the third emergency economic policy meeting chaired by President Moon Jae-in, the government decided to unconditionally hand out up to 1 million won as an emergency disaster relief fund to families in the lower 70% of income levels, including the middle class, as early as May.
The state will […]
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