Job seekers looking at notices while searching for employment during a jobs fair in Seoul in this file picture taken in 2018. - AFP
SEOUL (Reuters): South Korea President Moon Jae-in said on Wednesday (April 22) the government will prepare a third supplementary budget and sharply increase subsidies to keep more Koreans in jobs through the course of the coronavirus outbreak.
In a policy meeting with economic chiefs, Moon said a 40 trillion won (US$32 billion) fund will be created to help businesses keep jobs, while those who recently lost jobs from temporary positions or freelance work will be eligible for a 500,000 won subsidy for three months.
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