South Korea to give citizens free money

Nationwide scheme aims to spark economic revival through more consumption, the Interior Ministry has said

South Korea is launching a sweeping cash handout program, offering what officials have described as “consumption coupons” to boost domestic spending and reinvigorate the country’s sluggish economy, the Korea Herald has reported.

The initiative is part of a 31.8 trillion-won ($23.3 billion) supplementary budget passed by the National Assembly on Friday.