01 May 2020 – Introduced wage subsidies for US Forces Korea employees

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: Korea’s National Assembly passed legislation in support of furloughed employees at U.S. Forces Korea.

The new law will support 4000 South Korean employees who have been placed on unpaid leave since April 1, allocating between 1.8 million Korean won (USD 1475) to 1.98 million won per month per employee. This covers approximately 60 percent of the employees” average monthly wage.
Full details here: https://en.yna.co.kr/view/AEN20200501003500325