FLKR - South Korea takes a stab at reducing pandemic inequality

Headlines out of Davos haven't been nearly as loud this year, given that the World Economic Forum went virtual due to the pandemic. The annual event usually sees the world's political and business leaders, plus the usual smattering of celebrities, gather at the Swiss Alpine resort. Collaboration on issues like COVID vaccines, job creation and climate change are dominating the summit, which centers around seven key themes: How to Save the Planet, Fairer Economies, Tech for Good, Society and Future of Work, Better Business, Healthy Futures and Beyond Geopolitics.On that note, South Korea warned that inequality was worsening not only within countries, but also between nations, due to the economic fallout from COVID-19. As a result, President Moon Jae-in outlined plans for a "profit-sharing system in which the government provides strong incentives to companies that have prospered during the pandemic to share their profits with their hardest-hit peers." While South

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South Korea takes a stab at reducing pandemic inequality