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A 1 million won marriage subsidy.
The government provides a 1 million won tax credit to newlyweds.
There is news that this might instead be received as cash in the form of a subsidy.
The Ministry of Economy and Finance is scheduled to announce its tax reform plan early next month.
It is expected to include a plan to change the marriage tax credit—which provides 500,000 won per person, totaling 1 million won for couples who have registered their marriage—into a subsidy to be paid directly.
Currently, it is a method of reducing taxes.
As a result, low-income earners who have no taxes to pay do not receive the benefits.
There was also the issue of having to wait until year-end tax settlement.
Measures to directly provide cash support for childbirth and adoption tax credits, fertility treatments, and infant medical expenses are also being reviewed together.