Friday, March 29, 2024 | Ramadan 18, 1445 H
broken clouds
weather
OMAN
23°C / 23°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

S Korea declares Gunsan a crisis zone

1298685
1298685
minus
plus

SEOUL: South Korea has designated the city of Gunsan an ‘industrial crisis zone’, expanding its support for the area following plans by General Motors to shut down a plant as well as the closure of a shipyard last year.


The new designation provides broader financial support to workers and businesses, and is one notch above its previous designation given in February of a ‘crisis zone for industry and employment’ which focused on measures to tackle unemployment.


It was the first time that the new designation has been used since the category was first introduced in June last year, the trade ministry said. — Reuters


SHARE ARTICLE
arrow up
home icon