Yoon Approves Temporary Holiday for Armed Forces Day... "Expecting Boost in Military Morale and Economic Revitalization"

"October 1, the Day the ROK Army Broke Through the 38th Parallel"
Jeonse Fraud Victims Act and Taxi Development Act Also Passed

President Yoon Suk-yeol is giving a greeting speech at a dinner hosted on the 2nd at Sangchunjae, the Blue House, for U.S. federal senators and their spouses. [Image source=Yonhap News]

President Yoon Suk-yeol approved the designation of October 1st, National Armed Forces Day, as a temporary public holiday, following a resolution passed at the Cabinet meeting chaired by Prime Minister Han Duck-soo on the morning of the 3rd, the Blue House announced.

President Yoon also approved the "Partial Amendment to the Special Act on Support for Jeonse Fraud Victims and Housing Stability (Jeonse Fraud Victims Act)," the "Partial Amendment to the Act on the Development of Taxi Transportation Business (Taxi Development Act)," and the "Partial Amendment to the Enforcement Decree of the Special Act on the Promotion of Traditional Markets and Shopping Districts (Amendment to the Enforcement Decree of the Traditional Market Act)."

The Blue House stated, "October 1st marks the day during the Korean War when the armed forces crossed the 38th parallel," adding, "The government designated this day as a temporary public holiday to boost military morale and raise public awareness of national security by highlighting the importance of national defense and the value of the armed forces amid a grave security situation."

It further explained, "The designation of a temporary public holiday is also expected to contribute to economic revitalization through the consumption stimulation effect."

Regarding the amendment to the Jeonse Fraud Victims Act approved by President Yoon, the Blue House said, "This is a different bill from the one for which a reconsideration request was exercised last May due to several problematic provisions. It is a bill passed by bipartisan agreement based on government-proposed alternatives to resolve legal controversies and ensure substantial housing stability."

It added, "The amendment primarily includes provisions for public housing operators to purchase auctioned victim houses so that victims can reside in their former homes for up to 20 years, and it expands the scope of recognition for victims of jeonse fraud."

Regarding the amendment to the Taxi Development Act, it stated, "It includes a two-year postponement of the nationwide implementation of the so-called 'Taxi Monthly Salary System,' which mandates taxi drivers to work more than 40 hours per week to increase the proportion of fixed salaries." It explained, "Since its implementation in 2021, labor and management in the taxi industry have opposed the nationwide expansion of the monthly salary system, arguing that it could lead to the collapse of regional taxi businesses."

Concerning the amendment to the Enforcement Decree of the Traditional Market Act, it said, "The amendment significantly expands the places where Onnuri gift certificates, issued to promote sales in traditional markets, can be used to increase their utilization." It explained, "All businesses except for some with low relevance to traditional markets can now register as affiliated stores, which is expected to revitalize the Onnuri gift certificates and promote sales in traditional markets."

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