27th April 2020 Ministry of Economy & Finance Government to Work on New International Cooperation Amid COVID 19 Pandemic 1) Support exporters: Expand export financing and work on difficulties exporters are faced with. 2) New international cooperation amid the pandemic: Share the country’s COVID-19 prevention and treatment programs and help developing countries. 3) Improve bilateral cooperation: with Japan and the administration’s New South and New North policies with China, Vietnam, and Russia.
22nd April 2020 Financial Services Commission Press Release: KRW40 trillion fund to support key industries and help businesses retain jobs Outline of Key Provisions to use 40 Trillion Fund Expansion of Emergency Financial Support Package
22nd April 2020 Ministry of Economy and Finance 5TH EMERGENCY ECONOMIC COUNCIL MEETING Wage Subsidies for small businesses and enterprises, and Programs for the unemployed, and Liquidity injection for cash-strapped companies and key industries.
8th April 2020 Ministry of Economy and Finance GOVERNMENT TO FRONTLOAD PUBLIC SECTOR INVESTMENT Public sector investment and purchases Make early purchases and prepayment worth around 2.1 trillion won for cash-strapped businesses. Frontload construction investments worth 1.2 trillion won. Temporarily relax government procurement rules. Support to boost private sector spending: 12.4 trillion won worth of tax support and 2 trillion won worth of debt purchases