AFP, Seoul :
South Korean President Moon Jae-In on Monday urged parliament quickly to approve his $10-billion stimulus plan aimed at tackling youth unemployment, warning the issue could otherwise become a “national disaster”.
Moon, who took power in May after the ousting of impeached president Park Geun-Hye, has proposed a 11.2-trillion won ($10 billion) extra budget aimed at tackling unemployment and strengthening welfare provisions in Asia’s fourth-largest economy.
The proposal, which requires parliamentary approval, aims to help create 110,000 jobs-including 71,000 in the public sector-in response to a record-high jobless rate for the under-30s.
South Korean President Moon Jae-In on Monday urged parliament quickly to approve his $10-billion stimulus plan aimed at tackling youth unemployment, warning the issue could otherwise become a “national disaster”.
Moon, who took power in May after the ousting of impeached president Park Geun-Hye, has proposed a 11.2-trillion won ($10 billion) extra budget aimed at tackling unemployment and strengthening welfare provisions in Asia’s fourth-largest economy.
The proposal, which requires parliamentary approval, aims to help create 110,000 jobs-including 71,000 in the public sector-in response to a record-high jobless rate for the under-30s.
