City
Epaper

S.Korea to enact law covering loss of microbusiness owners from Covid

By IANS | Updated: January 27, 2021 16:05 IST

Seoul, Jan 27 South Korean Prime Minister Chung Sye-kyun on Wednesday said that the country is planning to ...

Open in App

Seoul, Jan 27 South Korean Prime Minister Chung Sye-kyun on Wednesday said that the country is planning to help microbusiness owners, who were forced to stop or halt business under the tightened quarantine rules to tackle the Covid-19 resurgence here.

Chung told a press conference with foreign correspondents here that the government was preparing to legislate on covering the loss of small-business owners from the Covid-19 pandemic in accordance with the constitution.

By the country's constitution, a government is required to enact a bill covering the loss of people when their rights to property are restrained for the public interest, Xinhua reported.

The government has kept its five-tier social-distancing guidelines at the second-highest level for about two months, ordering brick-and-mortar businesses to stop or halt operation amid the Covid-19 resurgence here.

Chung recently raised the need for the legalization of the government compensation for the loss of mom-and-pop businesses, and President Moon Jae-in supported it.

The Prime Minister admitted that the government's financial assistance to small-business owners may not be enough to cover the sufferings, which they have been enduring, vowing to provide compensation that can cover their actual loss.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Xinhua
Open in App

Related Stories

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

InternationalGreece braces for first summer heat wave

PoliticsSudan govt willing to work with all parties to end conflict

InternationalCyprus prepares for emergencies in face of approaching heat wave

PoliticsUkraine receives cluster munitions from US

International Realted Stories

InternationalOne soldier killed, three wounded, by sniper fire in Gaza: IDF

International'I will say nothing more': US spokesperson shuns Pak journalist's question over Pahalgam attack

InternationalUnion Minister Rijiju departs for Vatican City to attend State Funeral of Pope Francis

InternationalUK: People gather outside Indian High Commission in support of victims of Pahalgam attack

International8 Syrian refugees injured in drone explosion in Lebanon