Abstract

COVID -19 pandemic has created the greatest economic crisis since the second world war. The main objective of this article is to analyse the impact of COVID-19 in the economy of South Korea. The article also looks at the various economic packages introduced by the government of South Korea to protect the people particularlylow-income families, informal-sector employees, part-timers, women, and the disabled. The article concludes that the country's response tools and strategies in containing COVID-19 have been exemplary in the global community. The economic packages have been successful in creating jobs, boosting consumption and promoting investment. The modality of proper and effective cooperation and coordination among the levels of government and between the public and private sector played the vital role.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.