SEOUL - Measures imposed in South Korea to blunt a surge in coronavirus cases will hurt Asia's fourth-biggest economy, the government warned on Tuesday , after unprecedented restrictions went into effect in Seoul and surrounding areas.
" downturns are inevitable in the real economy due to the tightened preventive measures," Vice-Finance Minister Kim Yong-beam said at a policy meeting. Daily cases have dropped slightly for five straight days, although they have remained in the low-hundreds for nearly three weeks as a second wave of infections sweeps through densely populated Seoul and spreads around the country.
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