Yuseongyeop Jeonbuk Governor Preliminary Candidate "Monthly 500,000 Won Elderly Allowance Payment"

Jeonbuk Elderly, Guaranteed the Happiest Life

[Jeonju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] Yu Seong-yeop, a preliminary candidate for governor of Jeonbuk Province, promised to "create a Jeonbuk without elderly people picking up trash by providing a senior allowance of 500,000 won."

On the 11th, candidate Yu stated, "Although the elderly poverty rate in our country has steadily decreased, it is still higher than the OECD average of 37 countries, and considering our position as the world's 10th largest economy, elderly poverty is at a serious level," adding, "Relatively, the aging speed of our society is the fastest, at 1.7 times the OECD average (2.6%)."

He continued, "It is desirable for the central and local governments to reduce backward-type construction projects and various indirect costs, and to move toward supporting elderly welfare for those without working ability," emphasizing the necessity of a 500,000 won senior allowance.

In particular, candidate Yu pointed out, "Since Jeonbuk is experiencing an annual natural increase of elderly population around 20%, a more active response to elderly poverty is necessary," and proposed institutional improvements such as "excluding basic livelihood security recipients from other allowances so that elderly recipients of basic livelihood security can also receive the senior allowance (basic pension)."

Through providing a 500,000 won senior allowance, candidate Yu expressed his determination to "make Jeonbuk, the most aged region in the country, a place where elderly residents can lead the happiest lives."

Jeonju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

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