Critical Review of COVID-2019 in South Korea and Impacts on Its Economy

35 Pages Posted: 30 Jun 2020

See all articles by Naushad Khan

Naushad Khan

University of Agriculture, Peshawar - Institute of Development Studies

Ayasha Akbar

Government Degree Girls College, Shaikh Maltoon Mardan

Shah Faisal

University of Agriculture, Peshawar

Mahnoor Naushad

University of Agriculture, Peshawar

Shah Fahad

University of Agriculture, Peshawar

Date Written: June 27, 2020

Abstract

The study was carried out since 26, June, 2020. The major objective was to critically review Covid-2019 in South Korea and impacts on its economy. Secondary data was used and total 21 articles were downloaded from the net and critically review 20 times in depth and results was drawn. The result indicates that from January 20 until February 17, the number of new infections of Covid-2019 was low but during phase two from February 18 till March 11, the curve started to trend upwards with patient number 31 associated with the religious group in Daegu. In the beginning of corona Patient No 31 has spread the diseases in the country. The curve peaked at the end of February and started to level off.“Phase three started from March 12 till now when we have seen a downward trend in new cases with sporadic new clusters of infections. The government has applied the methodology of China and all boundaries of the country were closed. In side country no locked down was fully applied while all people were tested in the country and per day rate of the test was 20,000 and total one million people were tested from 20, January, 2020 till 19 June 2020. All country hospitals were used as one Unit. Patients were transferred to those hospitals where the numbers of beds were more. Similarly Doctors were also transferred to other hospitals of the country where the need was more. In hospital triage techniques were used. Categorization of the infected Covid-2019 was made, namely severe, middle and low. Serious people were shifted to ICU Units. Similarly 100 laboratories were made for corona testing in the country and due to energetic step the corona number was decreased after 12 March, 2020. McClean on 25th March, 2020 reported that the highest number in Seoul was 75 but in Daegu was 735. The population of the Seoul is 2.5 million and Daegu population 2.5 and similarly 85% cases were diagnosed in daegu. The cause was that in daegu the religious ceremony was held. He further told that the total confirmed cases on 25th March, 2020 was 9,137 among them 3,730 were discharged after recovery and 126 died. So until now fully recovered patients percentage is 41% and mortality rate is 1.4. But further on 19 June,2020 the Won So reported that the total confirmed cases number was 12306 and the death number was 280 and the new cases number was 274 when it is compared with other countries of the world, the corona cases number trend is very low in South Korea. So the credit goes to the present government of South Korea King Moon. The study shows that South Korea has done exemplary work for control of corona virus. Similarly the economy was highly affected by corona pandemic. Tourism is the major portion of its economy, so all visitors were banned on the country in the beginning because of this the demand of the goods of the industries were decreased while in the first quarter of this year, the tourism revenue was decreased 2.9 trillion Won. All motors companies were closed due to non availability of spare part from China. All other sector of the economy were closed for pandemic control. The economic growth of the economy was declined and. Its GDP growth was declined 0.3 percent from the 2.3% in the last year. On the basis of problem the study recommend that to follow the rule regulations of the South Korea; Proper system of health should be developed in the country; Ethical awareness should be given to the community; Not think for the money but think for the corona virus how to control it; Unity in the country is required; Boundaries of the country should be locked fully; Strong ban on gathering is required in the country; Mask for everyone in the country is required to wear it for corona control; All religion ceremonies in the country should be banned as like Saudi Arabia; Cooperation with government is requested; Proper, brave and honest doctors should be deployed on duty for corona virus control in the country. The pandemic is now in new phased and the number of new cases in the world has been increased, So new strategy should be identified for future control. Credit should be provided to people of South Korea on low interest rate for boosting of economy; It is requested to all world countries to follow China and South Korea methodology for the control of any pandemic in the world.

Keywords: Critical Review, COVID-2019, South Korea, Impacts, Economy

Suggested Citation

Khan, Naushad and Akbar, Ayasha and Faisal, Shah and Naushad, Mahnoor and Fahad, Shah, Critical Review of COVID-2019 in South Korea and Impacts on Its Economy (June 27, 2020). Available at SSRN: https://ssrn.com/abstract=3637022 or http://dx.doi.org/10.2139/ssrn.3637022

Naushad Khan (Contact Author)

University of Agriculture, Peshawar - Institute of Development Studies ( email )

University Campus
Peshawar, khyber Pakhtunkhwa 25000
Pakistan

Ayasha Akbar

Government Degree Girls College, Shaikh Maltoon Mardan ( email )

Shaikh Maltoon
Mardan
Pakistan

Shah Faisal

University of Agriculture, Peshawar ( email )

Pakistan

Mahnoor Naushad

University of Agriculture, Peshawar

Shah Fahad

University of Agriculture, Peshawar

Pakistan

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