Hong Nam-ki: "Tailored Support for Severely Affected Groups... Please Consider the People Generously"

Joint Briefing on the 8th Emergency Economic Meeting on the 10th

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, stated on the 10th, "From the standpoint of needing to support with limited resources as efficiently as possible, there was a consensus to provide more substantial support where it is most needed."

At a joint briefing for the 8th Emergency Economic Meeting held at the Government Seoul Office, Deputy Prime Minister Hong said, "Since the intention is to provide direct and practical support, I ask the public to kindly understand and be generous."

Deputy Prime Minister Hong announced that the support targets for this measure, including the supplementary budget, will be small business owners such as PC rooms, karaoke rooms, restaurants, and cafes whose sales have sharply declined due to gathering bans and movement restrictions. He also stated that emergency employment stabilization funds will be provided to vulnerable employment groups such as private tutors and academy instructors.

Furthermore, to support the increase in remote education among youth due to COVID-19, the expansion of non-face-to-face activities among young and middle-aged adults, and the use of smartphone-based services by the elderly, he announced that 20,000 KRW in communication fees will be provided to 46.4 million people aged 13 and older.

Deputy Prime Minister Hong emphasized, "In particular, we will make every effort to ensure that major projects such as the New Hope Fund for small business owners, emergency employment stabilization funds, and special child care support payments can be distributed before Chuseok."

Meanwhile, the government plans to submit the 4th supplementary budget bill to the National Assembly on the 11th.

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