The compound of Gyeongbok Palace in Seoul remains almost empty, Saturday, as people avoid crowded places due to fears of the COVID-19 outbreak. / Yonhap



By Kim Rahn



An entrepreneur has called on the government to provide every citizen with 500,000 won ($413) in "basic income in case of disaster," saying many people have been suffering from severe financial strain due to the month-long COVIC-19 epidemic.



He claimed such emergency monetary support would be more effective than planned government countermeasures such as tax cuts for vehicle purchases.





Lee Jae-woong, CEO of SoCar / Yonhap