SKorea unveils stimulus to combat export slump

SEOUL: South Korea on Wednesday unveiled a stimulus package, including an extra six trillion won ($4.94 billion) in public spending, to bolster an economy struggling with falling exports and high youth unemployment.

The package, announced by the finance ministry, came as Asia’s fourth-largest economy in Asia saw its exports plunge 18.5 percent on-year in January—the sharpest decline for more than six years.