Moon calls for all-out efforts to minimize economic fallout from coronavirus outbreak
President Moon Jae-in, second from left, presides over a Cabinet meeting at Cheong Wa Dae, Tuesday, to discuss measures to contain the coronavirus outbreak. YonhapBy Jung Da-min President Moon Jae-in has called for all possible measures to minimize the possible impact and damage from the new coronavirus, amid fears that the outbreak could be prolonged.“The economy and livelihood of the people are facing difficulties again due to unexpected factors. Even people's daily lives have been constrained due to the new coronavirus, which has impacted consumption, tourism, culture and leisure,” Moon said during a Cabinet meeting at Cheong Wa Dae, Tuesday. He said the outbreak was having a negative influence on consumer sentiment and domestic demand, which had been showing signs of a recovery. “While China accounts for a quarter of Korea's exports and Chinese tourists represent a third of all foreign visitors to Korea, factories in China have been shut down, causing failures in supply chains of parts, and Chinese travelers have stopped coming. This has already damaged Korea's
Feb 4, 2020