Koo Yun-cheol Announces Chuseok Livelihood Stability Measures for Next Week: "All-Out Efforts to Stabilize Livelihoods"

Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol announced that the government will formulate livelihood stability measures for the upcoming Chuseok holiday.

Presiding over the Emergency Economic Headquarters Meeting, Economic Ministers' Meeting, and the Special Task Force for Livelihood Price Management at the Government Complex-Seoul today (the 28th), Deputy Prime Minister Koo stated, "We will make all-out efforts to stabilize livelihoods so that the warmth of growth and domestic demand recovery can spread to local economies and reach every corner of citizens' daily lives."

The livelihood stability measures are scheduled to be announced next week.

The plans are set to include supplying holiday seasonal items and funds at record-high scales, as well as holding discount events for agricultural, livestock, and marine products to ease the burden of grocery shopping.

The government also plans to disburse earned income and child tax credits before Chuseok and sustain the recovery of domestic consumption through measures to boost tourism and consumption, such as supporting vacation expenses and reducing transportation costs.

Deputy Prime Minister Koo further announced, "Following inter-ministerial consultations and refinements, we will soon unveil plans for the recovery of youth employment."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.