South Korea also restored business life after China
Seoul … News Time
Religious sites and playgrounds were also opened in South Korea, which controlled the epidemic in just 20 days, and wreaked havoc in South Korea. South Korea was the second country after China where the coronavirus began to spread rapidly but without a strong lockdown it prevented the spread of the disease. Corona cases from South Korea were the highest at the end of February and the beginning of March. And after China, South Korea was the most affected country, but later Iran came to the fore and new cases started to emerge and South Korea overcame the outbreak.
Surprisingly, South Korea became the first country last week to hold parliamentary elections in the days of the outbreak. And now reducing the partial lockdown there, allowing 80% of people to go to all workplaces. According to Reuter’s news agency, the South Korean government has restored large-scale business life since April 20, opening religious shrines and playgrounds and easing social distance instruction. South Korea’s shopping malls, leisure venues and workplaces saw a rush as mass businesses recovered, and a few weeks’ later people appeared to meet and work without fear.
After the government’s large-scale business life has been restored, several private companies and companies have abolished the work-from-home policy and directed all employees to come to work. While several South Korean companies have instructed employees to come to work, many companies have allowed employees to work from home or work at their convenience. However, because of staying home for a few weeks, people prefer to go to work and work. After the government’s permission, many cities, including Seoul, opened shopping malls, restaurants, amusement parks, religious shrines and playgrounds, and people left home without fear.
While the South Korean government has further softened the partial lockdown, measures have also been taken to monitor suspects or ill people. And there are also directives for people who are ill or elderly, to be confined to homes. South Korean authorities announced April 19 that social distance would be upheld for the next 2 weeks, but now more people can gather anywhere and up to 80 percent of employees in any company can work at the same time. South Korea is now the second country after China after the outbreak of the Corona virus, which has allowed the masses to work and move out. Although partial lockdowns are now implemented in many countries and many countries have begun to soften partial lockdowns as well. However, experts believe that the world will still need 2 to 3 months to restore business life as usual.
On the other hand, South Korea’s economic growth rate declined 1.81 percent in the first quarter of this year due to the Coronavirus Lockdown, industrial production, consumer spending and employment rates are falling. This was stated in a survey review report released by the South Korean news agency Yonhap’s Department of Financial Affairs Infomix. During the last quarter of 2019, the country’s economic growth rate was 1.3 percent, the agency said. However, during the first quarter of this year, domestic and overseas coronaviruses caused the country’s economy to collapse due to the breakdown of productivity and business activities during the lockdown. During March, Korean goods exports recorded a 0.2% decline compared to March 2019, while in the one month nearly 195,000 people lost their jobs, which is the highest unemployment rate since May 2009. During the first 10 days of April, export growth was down 18.6 percent year-on-year. Meanwhile, the Bank of Korea will release its quarterly report on gross domestic product (GDP) on Thursday.
