SEOUL (Reuters): South Korea reported 516 new coronavirus cases on Wednesday (March 4), a day after a record spike in cases prompted the country’s president to declare a “war” on the fast-spreading pathogen.
The new cases bring South Korea’s total to 5,328, with 34 deaths, the worst epidemic of any nation outside China.
On Tuesday President Moon Jae-in apologized for shortages of face masks and promised support for virus-hit small businesses in Asia’s fourth-biggest economy.
South Korea on Wednesday also announced a stimulus package of 11.7 trillion won (S$13.7 billion) to cushion the impact of the outbreak as efforts to contain the disease worsen supply disruptions and sap consumption.
Finance Minister Hong Nam-ki said the supplementary budget, subject to parliamentary approval, will channel money to the health system, child care, and outdoor markets.
"As we understand that the economy is in a state of emergency, we are putting all our policy focus on minimising the economic fallout, especially for the vulnerable sectors, small- to medium-sized businesses and self-employed people," Hong told a news conference. - Reuters
Source: The Star Online