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Gov t to fund billions in pandemic-struck culture, sports, tourism industries this year

Posted : 2021-01-14 16:46 Updated : 2021-01-14 18:06 Culture Minister Park Yang-woo speaks during a virtual sports ministers meeting with his Japanese and Chinese counterparts in Seoul, Dec. 24. / Courtesy of Ministry of Culture, Sports and Tourism By Park Han-sol The government will create funds worth a total of 298.5 billion won ($271 million) this year on aid to the culture, sports and tourism industries that have been hit hard by the COVID-19 pandemic, the culture ministry announced Thursday. With the Korea Fund of Funds, where the government funding for local small and medium-sized enterprises aims to encourage private sectors investment, the Ministry of Culture, Sports and Tourism will target its budget on businesses heavily affected by the coronavirus, and move up its execution by a month to support their speedy recovery.

President to seek turnaround through reshuffle

President to seek turnaround through reshuffle Posted : 2020-12-28 16:38 Updated : 2020-12-29 12:05 By Do Je-hae President Moon Jae-in recently suffered a huge political setback following an administrative court ruling that overturned his endorsement of a disciplinary committee s decision to suspend Prosecutor General Yoon Seok-youl from duty. This incident aggravated the public disapproval of his performance, along with months-long complaints over his failure to curb rising housing prices and the recent news of the government s late procurement of COVID-19 vaccines A Realmeter survey showed Monday that 59. 7 percent of respondents thought the President was doing a bad job, setting a new high for the negative evaluation of Moon since his inauguration in May 2017. The positive review of his performance was 36.7 percent, the lowest figure he has received and the same rating as two weeks ago.

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