{"id":15903,"date":"2022-05-11T13:33:21","date_gmt":"2022-05-11T08:33:21","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=15903"},"modified":"2022-05-11T13:33:24","modified_gmt":"2022-05-11T08:33:24","slug":"the-government-of-south-korea-will-host-an-additional-budget-measure","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2022\/05\/11\/the-government-of-south-korea-will-host-an-additional-budget-measure\/","title":{"rendered":"The government of South Korea will host an additional budget measure."},"content":{"rendered":"\n

The South Korean government plans to present a supplemental budget measure to parliament later this week to assist Covid-19 pandemic-affected microbusiness owners, according to the finance minister.<\/p>\n\n\n\n

Minister of Economy and Finance Choo Kyung-ho said the government devised the additional budget measure to compensate small merchants and self-employed people who suffered a lot during the pandemic during his first meeting with the ruling People Power Party (PPP).<\/p>\n\n\n\n

The law will be approved by the Cabinet on Thursday and then submitted to the National Assembly on Friday, according to Choo.<\/p>\n\n\n\n

The budget proposal was announced the day before President Yoon Suk-government Yeol was inaugurated.<\/p>\n\n\n\n

During the meeting, Rep. Kweon Seong-dong, the People <\/a>Power Party floor leader, stated that approximately 3.7 million small merchants, self-employed individuals, and small businesses with revenue of less than 3 billion won should be given a cash handout of at least 6 million won (approximately 4,700 US dollars) per person (2.3 million U.S. dollars).<\/p>\n\n\n\n

President Yoon vowed to pay pandemic-affected small merchants with over 50 trillion won during his campaign (39 billion US dollars).<\/p>\n","protected":false},"excerpt":{"rendered":"

The South Korean government plans to present a supplemental budget measure to parliament later this<\/p>\n","protected":false},"author":1,"featured_media":15904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[216],"tags":[471],"class_list":["post-15903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-south-korea"],"yoast_head":"\nThe government of South Korea will host an additional budget measure.<\/title>\n<meta name=\"description\" content=\"The law will be approved by the Cabinet on Thursday and then submitted to the National Assembly on Friday, according to Choo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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