Korea plans massive W50tr injection to resuscitate virus-hit economy

President Moon Jae-in speaks at the economy meeting on Thursday. Yonhap

SEOUL, March 19 (The Korea Herald/ANN) -- South Korea is planning a series of measures amounting to W50tr to save its virus-hit economy.

Deadlines on corporate loans will be extended, and a fund to stabilize the country’s stock markets will be established as part of Seoul’s efforts to deal with the economic impact of the COVID-19 outbreak.