Ruling Party, Government, and Cheong Agree on Employment Retention Subsidies and Electricity Fee Exemptions... Lee Nak-yeon: "We Will Prevent 'Corona Bankruptcies'"

Lee Nak-yeon, Chair of the Democratic Party's COVID-19 National Crisis Overcoming Committee, is attending the COVID-19 response party-government-Cheongwadae meeting held at the National Assembly on the 25th, receiving a report from an official before the meeting begins. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Wondara] Following the decision by the ruling party, government, and Blue House to inject 100 trillion won in emergency corporate relief funds, plans are being made for employment retention incentives and electricity bill exemptions. Discussions on direct support measures such as disaster basic income will continue until the emergency economic meeting next week.

On the morning of the 25th, Lee Nak-yeon, Chairman of the Democratic Party's COVID-19 National Crisis Overcoming Committee, said at the 4th ruling party-government-Blue House meeting on COVID-19 response held at the National Assembly, "At yesterday's second emergency economic meeting chaired by the President, 100 trillion won in emergency support funds was decided," adding, "Today, we will take a step further to discuss employment retention incentives and electricity bill exemption measures." He continued, "Helping companies means helping people's livelihoods," emphasizing, "It is a strong will to prevent so-called 'COVID bankruptcies.'"

Chairman Lee stated, "Many companies are complaining of management difficulties, but there are cases overcoming the crisis through bold investments such as lowering store commissions or creating a 21 billion won scale win-win growth fund with partner companies," adding, "Government support and compensation should follow such employment retention and self-help efforts by companies."

He also said, "Conversely, the government must firmly respond to companies that unjustly reduce personnel taking advantage of the crisis."

Further discussions on disaster basic income and other measures will continue. Chairman Lee said, "At the third emergency economic meeting next week, a certain conclusion will be reached regarding livelihood support directions," emphasizing, "I hope the ruling party and government will closely cooperate on issues of direct support to the public, including disaster relief funds."

Chairman Lee urged, "There are cases where incoming travelers do not follow quarantine guidelines," requesting, "The government should strictly manage overseas entrants and confirmed cases." He added, "Although the increase in domestic COVID-19 confirmed cases has slowed, we cannot be complacent," urging, "For the April 6 school reopening, I ask all citizens to practice social distancing and all measures announced by the government today."

This content was produced with the assistance of AI translation services.