South Korea prepares economic stimulus to cushion virus impact

BTS concert canceled, schools stay closed as nearly 1,000 cases confirmed

20200225N coronavirus seoul station

An employee from a disinfection service company sanitizes the floor of Seoul Railway Station in Seoul, South Korea, Feb. 25. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- South Korea is preparing to turn on the fiscal and monetary taps in an attempt to cushion the economic impact of the new coronavirus that has paralyzed daily life in many parts of the country.

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