'Basic disaster income' suggested
The compound of Gyeongbok Palace in Seoul remains almost empty, Saturday, as people avoid crowded places due to fears of the COVID-19 outbreak. / YonhapBy Kim RahnAn entrepreneur has called on the government to provide every citizen with 500,000 won ($413) in “basic income in case of disaster,” saying many people have been suffering from severe financial strain due to the month-long COVIC-19 epidemic.He claimed such emergency monetary support would be more effective than planned government countermeasures such as tax cuts for vehicle purchases.Lee Jae-woong, CEO of SoCar / YonhapLee Jae-woong, CEO of SoCar, posted a petition on the Cheong Wa Dae website, Sunday, to call for monetary support, saying people are avoiding meetings and activities, and facilities are being shut down temporarily over fears of infection.“(Avoiding gatherings and closing facilities) is necessary to prevent the spread of the virus, but the fear of the virus spread has caused a serious economic crisis, which is spreading faster than the virus itself,” wrote Lee, who was co-head of a join
Mar 1, 2020By Kim Rahn