(LEAD) Lee vows to expand opportunities for young people, calling them 'most vulnerable' group

SEOUL, Aug. 28 (Yonhap) -- President Lee Jae Myung emphasized on Friday that young people have emerged as the most vulnerable demographic amid diminished prospects due to decelerated economic growth. During the 2027 youth budget unboxing ceremony, the president pledged to construct a society where individuals can reap proportional opportunities for their efforts.

The president observed that South Korea, despite its stable economic standing, has witnessed a decline in opportunities for the younger generation, rendering them the most vulnerable cohort. He underscored that for South Korea and its community to be sustainable, young people must be able to envision and transform their hard work and adversities into future opportunities.

The president stressed the nation's responsibility to nurture an environment where young people can seize as many opportunities as they invest in their labor, with a specific focus on fostering economic prospects. To achieve this, the government is allocating significant resources to stimulate economic expansion, thereby enlarging the collective economic yield.

Simultaneously, officials are tasked with revising policies to better cater to the actual requirements of young people. The event transpired as the Lee administration intensified its efforts to address the welfare of young individuals, occurring amidst a backdrop of declining approval ratings among young voters compared to other age brackets.