South Korea plans cash handouts in 2nd extra budget to fight coronavirus

South Korean President Moon Jae In unveiled on Monday plans to hand out 1 million won ($816) to each four-person household below the top 30 percent of income earners, to cushion the economic fallout from the coronavirus outbreak.The cash handouts will be part of a 7.1 trillion won second extra budget being drawn up to boost the economy hit hard by the pandemic, just weeks after the country's parliament approved the first special budget worth 11.7 trillion won.Many South Koreans, battered by the coronavirus impact, have been waiting in anticipation for direct financial assistance from the go…READ FULL ARTICLE