President rushes to review policies amid growing backlash from young Koreans
President Lee Jae Myung is pushing to revise policies that are criticized for going against the interests of young Koreans, as his approval rating among this demographic remains the lowest of any age group. The disputed measures span multiple sectors, including a tax overhaul plan concerning individual savings accounts (ISAs), which angered people in their 20s and 30s by stripping away existing…
President Lee Jae Myung is actively reviewing policies that have sparked criticism from young Koreans, in an effort to address the concerns of this demographic which has the lowest approval rating among all age groups. The disputed measures affect various sectors, including a tax overhaul plan for individual savings accounts (ISAs) that was perceived by individuals in their 20s and 30s as stripping away existing benefits.
Additionally, 22 marriage-related policies have earned the nickname "marriage penalty" due to their adverse impact on newlyweds and new parents.
Addressing the grievances of those in their 20s and 30s, the president referred to this group as "a vulnerable group" during a recent meeting with senior presidential secretaries. The president urged for a reorganization of relevant policies, taking into consideration their specific circumstances, including education, employment, income, asset building, housing, and marriage. This announcement came in light of recent polls indicating that Lee's disapproval rating among young adults is higher than among other age groups.
The Media Tomato survey, commissioned by News Tomato and conducted from August 3 to 4, revealed that the disapproval rating among young Koreans was significantly higher than expected.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
