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Vaccine delay to take heavy toll on Korean economy
Posted : 2020-12-30 16:22
Updated : 2020-12-31 09:11
A health worker holds some Pfizer coronavirus vaccines to vaccinate health workers, in Pamplona, northern Spain, Tuesday. AP-Yonhap
By Kim Yoo-chul
A delay in the initiation of a public vaccination program will end up forcing the Korean economy to contract in 2021 as it will likely drag down consumer spending and business activities, a local think tank said in a report, Wednesday.
According to an analysis conducted by the Korea Economic Research Institute (KERI), the country s economy could continue to shrink next year if a prompt rollout of the coronavirus vaccine is delayed.