Seoul approves fourth supplementary budget to fight pandemic fallout

South Korea is set to get this year’s fourth supplementary budget in order to support those threatened by the economic fallout of the coronavirus pandemic, after the government approved the measure on Thursday.President Moon Jae In urged the National Assembly for rapid approval of an additional 7.8 trillion won (6.6 billion dollars) during the eighth meeting of the country’s Emergency Economic Council.South Korea had already put together an economic stimulus package totalling 277 trillion won to cope with the economic consequences of the pandemic.The new supplement is expected to directly supp…

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HEDGE accordingly