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 Scientists and Engineers Mutual-aid Association (SEMA) will commit about 20 billion won ($18 million) to a fund of Morgan Stanley Energy Partners (MSEP) for co-investment in a US water management firm, according to a local media report. The $4.2&hellip
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip