SEOUL, The following is the gist of the 14 trillion-won (US$11.8 billion) extra budget that the finance ministry proposed Friday to support small merchants hit by the COVID-19 pandemic and back antivirus efforts. ▲ 11.5 trillion won for pandemic-hit merchants — 9.6 trillion won will be spent to provide 3 million won each to 3.2 … Read more
SEOUL, The Cabinet on Friday approved a 14 trillion won (US$11.8 billion) extra budget plan aimed at supporting small merchants hit by the pandemic. The proposal passed an extraordinary Cabinet session presided over by Prime Minister Kim Boo-kyum and is expected to be submitted to the National Assembly next Monday for approval. The request includes … Read more
SEOUL, Prosecutors have found Cho Won-tae, chairman of Hanjin Group and Korean Air, borrowed and repaid 3 billion won (US$2.5 million) from a man at the center of a far-reaching development corruption scandal but concluded there was no illegality in the transaction, sources said Friday. The transaction was detected as the Seoul Central District Prosecutors … Read more