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South Korea to pay families hundreds of dollars to ease corona toll

Emergency relief of up to $820 to go to all but top 30% of income earners

With elections coming up South Korean President Moon Jae-in has made a bid to get the economy going, with a plan to hand cash directly to consumers.   © Reuters

SEOUL (Reuters) -- South Korea will make emergency cash payments to all but the richest families and draw up a second supplementary budget next month in a bid to ease the drawn-out economic impact of the coronavirus outbreak, President Moon Jae-in said on Monday.

Moon, after an emergency meeting with economic policymakers, said an "emergency disaster relief payment" of up to 1 million won ($820) would be made to all households except the top 30% by income, totaling some 9.1 trillion won ($7.44 billion).

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