COVID-19: South Korea imposes travel restrictions, announces additional help to businesses

In a bid to furr slow drastic spre of coronavirus, South Korea has w anunced more intense precautionary measures including restriction of foreign travels. South Korean Prime Minister Chung Sye-kyun said on April 8 that nation would suspend visa waivers for citizens from at least 88 countries who have alrey imposed travel bans on South Korea including Australia, Cana, Russia and France. latest development came as South Korea confirmed at least 10,384 cases of coronavirus with at least 200 fatalities, as of April 8. 

Moreover, to provide assistance to small businesses that have been severely impacted due to global health crisis of COVID-19 infections, South Korean President Moon Jae-in h reportedly said that government would make $29.5 billion worth cheap loans available for such exporters. Ackwledging that coronavirus outbreak has taken a toll on businesses and domestic demand, Moon said y should be provided with ditional support. According to reports, South Korean government plans on assisting such businesses by policy banks, tax benefits, among or measures. 

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All se new measures would be an d-on to an alrey planned ecomic rescue pack by South Korean government worth $80 billion in March-end to help companies. Meanwhile, since South Korean government have been widely praised for its effective response to pandemic, Korea Health Industry Development Institute will host an online presentation for nearly 400 medical practitioners from at least 13 countries including United States, Mexico, Italy on April 9. This presentation would reportedly include outline of South Korea’s containment measures that enabled m to record 900 cases per day to 50 per day.

Coronavirus outbreak

Meanwhile, as of April 8, US has confirmed 400,540 cases with 12,857 fatalities. After originating from China’s “wet markets”, coronavirus has w claimed over 82,096 lives worldwide as of April 8. According to tally by international news ncy, pandemic has w spre to 209 countries and has infected at least 1,431,973 people. Out of total infections, 302,209 have been recovered but easily spre virus is continuing to disrupt many lives. Major cities have been put under lockdown in almost all countries and ecomy is struggling. 

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(With ncy inputs)

Im Source: AP