Hong Nam-ki "Economy Must Rebound with Strong Livelihoods... Agricultural Product Supply Expanded 1.8 Times"

Posted on SNS after visiting Nonghyup Hanaro Mart in Changdong, Dobong-gu, Seoul on the 9th

Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki visited the Nonghyup Hanaro Mart located in Chang-dong, Dobong-gu, Seoul, on the afternoon of the 9th to check the supply and price trends of Lunar New Year seasonal products such as eggs. (Photo by Ministry of Economy and Finance)

[Asia Economy Reporter Moon Chaeseok] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, stated on the 9th, "To overcome the COVID-19 crisis and achieve a rapid and strong economic rebound, it is essential to have a solid foundation for people's livelihoods," expressing his commitment to price stabilization.

Deputy Prime Minister Hong wrote on his social media (SNS), "Amid the ongoing COVID-19 pandemic, last year's heavy rains have caused poor crop yields such as fruits, and the avian influenza (AI) has led to instability in egg prices, making the livelihood situation ahead of the Lunar New Year far from easy."

He explained, "As part of the government's 'Lunar New Year Livelihood Stabilization Measures,' the supply volume of agricultural products has been increased by 1.8 times and livestock products by 1.3 times compared to normal times."

He added, "In particular, for eggs, which are showing price instability, comprehensive stabilization efforts are being made, including expanding imports, releasing stockpiles, early shipments, and cracking down on distribution disruptions."

That afternoon, Deputy Prime Minister Hong visited the Nonghyup Hanaro Mart in Chang-dong, Dobong-gu, Seoul.

He reported, "At Hanaro Mart, a carton of 30 eggs is supplied at 5,100 won after discounts from the retail price of 6,000 to 7,000 won, and the on-site response was positive."

He continued, "Seeing the busy scenes of people visiting the mart to buy even slightly cheaper goods ahead of the Lunar New Year holiday, I was once again reminded of the importance of supporting low-income earners and stabilizing prices," adding, "I will make more efforts to visit the field more often and work harder for livelihood stabilization."

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