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KDI criticizes gov t consumption-boosting emergency relief
Posted : 2020-12-24 09:07
Updated : 2021-01-07 10:30 Korea Development Institute researcher Kim Mee-roo, right, speaks during a press briefing at the Sejong Government Complex, Wednesday. Courtesy of KDI
By Lee Kyung-min
Out of the first round of emergency relief money given to all Koreans, only about a third was spent, a state think tank said in a recent study, underscoring the inefficacy of the much-rushed policy that barely helped the recovery of in-person services hit hard by the COVID-19 pandemic.
The government spent 14.2 trillion won ($12.8 billion) to give out up to 1 million won per household in May last year, as part of the first emergency relief package to cope with the coronavirus outbreak.