President Moon Jae-in said the economy is in an emergency situation and needs a boost to stimulate domestic demand.
SEOUL - South Korea President Moon Jae-in said on Tuesday the government should make an all-out effort to boost the economy as it comes under pressure from a coronavirus outbreak.
“ shouldn’t quibble over whether anything is unprecedented or not, rather, we should take every possible measure we can think of on the table to deploy them,” Moon said in a cabinet meeting.In 2015, South Korea drew up a supplementary budget to help cushion the economy from the effects of an outbreak of Middle East Respiratory Syndrome .
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