S/Korea begins payment of $11.65bn disaster relief money to households


South Korea on Monday began payment of emergency disaster relief funds totaling 14.3 trillion won (US$11.65 billion) to all households, Reuters reports.

The money is enable the households to cope with the economic impact of the coronavirus outbreak.

The government plans to provide one  million won each to households with four or more members, 800,000 won to three-person households, 600,000 won to two-person households and 400,000 won to single-person households.

The National Assembly last Thursday approved an extra budget bill focused on the payments of the unprecedented relief money to all 21.71 million households in the country.

ALSO READ: Smartphone market suffers worst ever loss…

Source: Nigerian Tribune