Moon Jae-in, the Presidential candidate for the Minjoo Party, announced on April 17 that he would draw up a revised supplementary budget of 10 trillion won if he is elected as the President of Korea on the May 9 election. The supplementary budget would be used to promote job creation in both the public and private sector.
During his visit to Sambo Motors, a mid-sized specialist in auto parts located in the Seongseo Industrial Complex in Daegu, Moon unveiled his "100 Day Plan for Job Creation."
Moon said, "The government drew up a revised supplementary budget of 17.2 trillion won when the global financial crisis occurred and 9.7 trillion won when the Middle East Respiratory Syndrome spread."
He stressed, "As a special measure to stabilize the livelihood of people who are suffering from the worst-ever economic difficulty, we should pursue a more proactive fiscal policy." Moon added, "The revised supplementary budget would be used to create jobs throughout the entire sectors of the society, with more focus on the public sector, SMEs, and startups."
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip