South Korea tops up economic stimulus package

South Korea's President Moon Jae-in. - Reuters

SEOUL (Xinhua): South Korean President Moon Jae-in said Wednesday (April 8) that his government will add about 56 trillion won (US$46 billion) for additional economic stimulus package to help prevail over the economic fallout from the Covid-19 outbreak across the world.

"The global economy is falling into an extreme downturn. Our economy with high dependence on foreign trade is suffering a tsunami-like shock. (We) are in a dark tunnel with no end in sight," Moon said during the fourth weekly meeting of the emergency economic council, according to the presidential Blue House.