Prognosis
South Korea’s Moon Says Virus Is Contained; Aims to Revive Economy
- Moon asks for 8.5% increase in budget in address to parliament
- President says now is the time for a clear economic rebound
Moon said now is the time for a clear economic rebound, while also cautioning the country still runs the risks of a virus resurgence.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
South Korean President Moon Jae-in said his country has contained the coronavirus as he sought a budget increase to help the pandemic-hit economy recover.
Speaking in parliament on Wednesday, Moon also vowed to make South Korea carbon-neutral by 2050, putting a date on the goal in line with one proposed by his progressive ruling party. It also aligns the country with commitments made by other major economies including the European Union, China and Japan.