South Korea allocates $62 billion to create new sectors of the economy

South Korean authorities have announced a new package of support for the country's economy worth $62 billion. This is reported by Bloomberg. These funds will be used to reorient South Korea's economy until 2025. This reorientation will support actions aimed at increasing employment and creating new industries. Partial funding will be provided by the third supplementary budget currently under development. According to the plan until 2022, 550,000 new revenge workers are to be created. According to government forecasts, inflation in South Korea in 2020 will slow down to 0.4%. Exports will fall by 8%, imports by 8.7%. The authorities expect South Korea's economy to grow by 0.1% in 2020.