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Economy

K-New Deal: South Korea to invest $133bn in digital, green sectors

President Moon Jae-in aims to create 1.9 million jobs by 2025

South Korean President Moon Jae-in said Tuesday the "K-New Deal" will be the starting point for the country to lead the post-coronavirus world.   © Kyodo

SEOUL -- South Korea on Tuesday unveiled $133 billion of post-coronavirus spending in what President Moon Jae-in called a "K-New Deal," echoing the term used by U.S. President Franklin Roosevelt for the programs to pull his country out of the Great Depression in the 1930s.

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