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