South Korea launches voucher scheme to compensate millions of people

South Korean President Moon Jae-in (second from left) speaking to the media after an emergency economic meeting at the Presidential Blue House in Seoul on Monday (March 30). South Korea will give gift vouchers to around 14 million households to try to combat the economic impact of the coronavirus outbreak. - AP

SEOUL: South Korea will give gift vouchers to around 14 million households to try to combat the economic impact of the Covid-19 (coronavirus) outbreak, the government said on Monday (March 30).

"Korean households in the bottom 70-per-cent income bracket will receive the government’s emergency relief payments," the Ministry of Economics announced after a third meeting of South Korea's Emergency Economic Council.