The ruling Democratic Party (DP) and government officials on Thursday agreed to provide energy vouchers to help vulnerable groups cope with rising prices amid an intensifying war in the Middle East.
Coupang pushed ahead with the findings of its investigation of a recent data breach by filing them with the U.S. Securities and Exchange Commission on Monday, despite the Korean government's refusal to acknowledge the results.
Coupang announced Monday it will compensate each customer affected by its recent massive data breach with vouchers worth 50,000 won ($35), following criticism over the company’s response to the incident.
Paju said Tuesday it will push a plan to give 100,000 won to each resident early next year through its local currency, Paju Pay, as a “basic living and safety support grant.”
Korea will hand out 100,000 won vouchers to 90 percent of its citizens starting Sept. 22 as part of the government's second round of stimulus meant to revive spending and shore up household budgets.
Applications for the first round of the government's consumption vouchers will close at 6 p.m. on Friday. Those who miss the deadline will not receive the subsidy, according to the government.
A total of 49.69 million people had applied for the “consumption coupons for livelihood recovery” as of midnight Friday, recording a 98.2 percent application rate since the process began on July 21.
As the application period for the Lee Jae Myung administration’s public livelihood recovery coupons approaches on July 21, local governments are expressing deep concern over the financial burden.
A discount voucher scheme is running into trouble already as it could drive the spread of the virus. What was designed to help the economy recovery might just make the pandemic worse.
Korea JoongAng Daily Sitemap
