A nationwide scheme aims to spark economic revival through increased consumption, the Interior Ministry has said
South Korea is launching a sweeping cash handout program, offering what officials have described as “consumption coupons” to boost domestic spending and reinvigorate the country’s sluggish economy, the Korea Herald has reported.
The initiative is part of a 31.8 trillion-won ($23.3 billion) supplementary budget passed by the National Assembly on Friday. The program is scheduled to begin on July 21 and run through September 12.
“We will ensure thorough preparations for the rollout of these payments so that they can serve as a catalyst…
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