Related News

HomeBusinessEconomy

Stimulus Plan Tops US$20b

THE Republic of Korea announced yesterday that it would spend 28.9 trillion won (US$20.9 billion) this year to create new jobs and shore up the economy as the country endures its worst slump in a decade.

The Ministry of Strategy and Finance said the supplementary budget "is to help ride out the economic crisis" and is more than twice the extra spending implemented during the 1997-98 Asian economic meltdown. South Korea is facing its worst downturn since then.


 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend