[Newsmaker] Basic income scheme of W51tr spurs controversy

Will cash transfer to citizens for tackling COVID-19 get Korea’s economy back on track?

South Gyeongsang Province Governor Kim Kyung-soo proposes 1 million won of universal cash-giving scheme to the central government and the parlianment as part of economic stimulus measures at a press conference held at the municipal office on Sunday. Yonhap With the novel coronavirus outbreak dealing a major blow to South Korea’s economy, a far-reaching welfare measure to give every citizen 1 million won ($839,00) is igniting a heated debate.

Suggested as a temporary scheme, primarily designed to support citizens financially crippled by the rapid spread of […]

Full Post at news.koreaherald.com