The epidemic prevention situation in Korea is not optimistic. Will it affect the local economy?

it will definitely have an impact. 1. What is the epidemic situation in South Korea?

At present, the cumulative number of cases in Korea is 13979. Although the number of new cases is decreasing every day, there are confirmed cases of group infection near the capital circle, such as a hospital and an office in Seoul. In addition, there are many imported cases. A Russian fishing boat in Busan Port had a collective infection incident before, and 32 of the 94 crew members were all positive. In addition, 14 soldiers of the Army Wallet Force in Baochuan City, Gyeonggi Province were also diagnosed as COVID-19 cases, so the epidemic prevention situation in South Korea is not optimistic. 2. What impact has the epidemic had on South Korea's economy so far?

according to the data released by the Bank of Korea, South Korea's GDP decreased by 3.3% in the second quarter of this year, which is the lowest level in a single quarter since the first quarter of 1988. In the first quarter, South Korea's GDP decreased by 1.4% from the previous quarter. Due to the continuous negative growth in two quarters, South Korea's economy has begun to enter a recession. Equipment investment and construction, investment in manufacturing, agriculture, forestry and fisheries, and import and export industries have a greater impact. Third, under the current situation, what should South Korea do to reduce the impact of the epidemic on the economy?

It is reported that South Korea has launched supplementary budgets of 11.1 trillion won and 7.6 trillion won respectively, and launched the third supplementary budget of 35.3 trillion won again in June. So far, the fiscal stimulus measures promised by South Korea have reached 14% of GDP. The key to South Korea's economic recovery lies in the prospect of recovery in the international market, especially in the main export markets. However, the premise of these economic recovery is that the epidemic prevention and control is in place, so South Korea needs to increase its efforts in epidemic prevention and control. In fact, South Korea has begun to make a lot of mobile phone applications to track cases and isolate potential infected people, to eliminate the source of infection from the source, and to appeal to the public to thoroughly abide by the life epidemic prevention rules such as wearing masks and washing their hands to keep a safe distance.