The South Korean government is considering drawing up a second supplementary budget for this year, and sixth since the start of the pandemic.
Speaking at a meeting with financial experts on Friday, finance minister Hong Nam-ki said the government is reviewing another extra budget, to support those hit hardest by COVID-19.
Hong said the next budget will focus on disaster relief measures, such as speedy vaccine rollouts, employment support plans, and financial aid for small businesses and the socially vulnerable.
He also stressed the government will come up with preemptive measures, to prevent inflation, increased household debt and house prices, from hampering the economic recovery.
Businesses are joining forces to reduce their carbon footprint.
At the Business Forum held online on Thursday night, Korea time, company leaders put their heads together in a bid to stimulate the spread of eco-friendly business models, and to improve sustainable management.
The Chairman of the Korea Chamber of Commerce and Industry, Chey Tae-won, proposed three mechanisms to accelerate green growth.
They are the measurement of respective firms environmental performance, incentives for businesses efforts toward sustainable governance and global collaboration.
(KOREAN ) Today I have three key words: measure, incentivize, and collaborate. Companies must address environmental issues with a strong sense of commitment. It ll be the new entrepreneurship that s demanded during the new era.