pull down to refresh

South Korea to begin cash handouts to all citizens July 21 - The Korea Timeswww.koreatimes.co.kr/southkorea/society/20250705/south-korea-to-begin-cash-handouts-to-all-citizens-july-21
360 sats \ 10 comments \ @south_korea_ln 23h econ
Quantitative easing is back~~
Under the plan, all South Korean citizens residing in the country as of June 18 will receive a one-time payment of 150,000 won. The government said the broad disbursement is intended to boost consumer spending nationwide.
[...]
A second round of payments, scheduled between Sept. 22 and Oct. 31, will provide an additional 100,000 won to the bottom 90 percent of income earners.
write
preview
related posts
191 sats \ 2 replies \ @ek 19h
₩150,000 ≡ $110 ≡ €93
reply
97 sats \ 1 reply \ @Bell_curve 12h
Euro is overvalue
EU is overrated
reply
32 sats \ 0 replies \ @optimism 7h
All fiat and all states are overrated.
reply
11 sats \ 3 replies \ @Undisciplined 18h
Wow! That's as inflationary of a policy as there is. Biden did that here and historic CPI rises followed.
reply
53 sats \ 2 replies \ @south_korea_ln OP 17h
I'd like the krw to weaken a bit. Still a bit far from btc ath due to weakening dollars in last few months.
reply
11 sats \ 0 replies \ @Undisciplined 17h
Well, you're about to get it. Although, if @ek's right about how much purchasing power that represents, there might not be much impact.
reply
0 sats \ 0 replies \ @Bell_curve 15h
Millionaires are fleeing South Korea
reply
16 sats \ 1 reply \ @stack_harder 18h
doesn't seem a lot, i'd put it straight in btc though.
reply
11 sats \ 0 replies \ @south_korea_ln OP 17h
I'd venture quite a few people might do something like this. Lots of shitcoining here though.
Last year, government added extra holidays to boost local spending. Turned out most people just used it to travel abroad. So much for accounting for unexpected side effects.
reply
16 sats \ 0 replies \ @bitcoingecko 22h
This is definitely good for Bitcoin!
reply