청 "Egg Price Early Stabilization... Extension of Automobile Consumption Tax Reduction"

President Moon Chairs Cabinet Meeting, Addresses Key Agendas... Korea Together Sale Mask Distribution

[Asia Economy Reporter Ryu Jeong-min] At the Cabinet meeting presided over by President Moon Jae-in, an extension of the application period for the zero percent tariff quota to stabilize egg prices early was approved. The 30% reduction in the individual consumption tax on automobiles was also extended until the end of December this year.

Im Se-eun, deputy spokesperson of the Blue House, stated in a written briefing on the 22nd, "President Moon Jae-in presided over the Cabinet meeting held via video conference from 10 a.m. today at the Yeomin 1 Hall of the Blue House, the Government Seoul Office, and the Sejong Government Complex."

The meeting deliberated and resolved bills including the partial amendment bill of the Act on Contracts to Which the State is a Party, presidential decrees such as the partial amendment of the Enforcement Decree of the Individual Consumption Tax Act, and general agenda items such as the expenditure plan of the general reserve fund for the 2021 general account.

Regarding the "Partial Amendment of the Enforcement Decree on the Application of Tariff Quotas under Article 71 of the Customs Act," Deputy Spokesperson Im said, "Due to the continued disruption in the domestic supply of eggs, the application period for the zero percent tariff quota has been extended until December 31 to ensure smooth supply and price stabilization of fresh eggs and processed egg products. This will contribute to the early stabilization of egg prices, which are closely related to the livelihood of ordinary citizens."

[Image source=Yonhap News]

Deputy Spokesperson Im also stated regarding the "Partial Amendment of the Enforcement Decree of the Individual Consumption Tax Act," "The flexible tax rate reduction measure that reduces the individual consumption tax on automobiles by 30%, which was set to end in late June, has been extended until December 31 this year. We hope this will help sustain the recent trend of economic recovery, including private consumption."

In addition, the "Partial Amendment of the Enforcement Decree on Teacher Qualification Examination," which establishes the basis for processing criminal record information from education universities and colleges of education to verify disqualifications for teacher qualification applicants; the "Partial Amendment of the Enforcement Decree of the Child Welfare Act" to strengthen the child abuse response system; and the "Partial Amendment of the Enforcement Decree of the National Health Insurance Act" to realize a country favorable for raising children were also processed.

Furthermore, as a follow-up measure to the ‘Real Estate Speculation Eradication Measures’ announced in March this year, the "Partial Amendment of the Enforcement Decree of the Korea Land and Housing Corporation Act," which sets detailed requirements and selection procedures for compliance officers, and the "Partial Amendment of the Enforcement Decree of the Special Act on Public Housing," which investigates the use of undisclosed information in public housing districts, were also processed.

Meanwhile, after the agenda deliberation at the Cabinet meeting, the Ministry of Foreign Affairs reported on the "Achievements and follow-up plans of attending the G7 Summit and the European tour."

Deputy Spokesperson Im explained, "To follow up on the achievements from attending the G7 Summit and the state visits to two countries, relevant ministries have agreed to cooperate and work comprehensively."

Deputy Spokesperson Im also said, "The Ministry of SMEs and Startups distributed masks for the Korea Together Sale (June 24 to July 11) to revitalize domestic demand. We requested the participation of all citizens in this sale to help create a breakthrough for domestic demand recovery."

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