Gov't holds first task force meeting to ease living costs for wage earners
Korea on Friday held the inaugural meeting of a new task force aimed at developing policies to reduce living costs and boost real disposable income for wage earners. First Vice Finance Minister Kwon Dae-young chaired the meeting with officials from relevant ministries to discuss detailed implementation plans following the presidential office's announcement of the initiative this week. The task…
On Friday, Korea convened its inaugural meeting of a new task force dedicated to devising policies that will alleviate living costs and enhance real disposable income for wage earners. First Vice Finance Minister Kwon Dae-young presided over the gathering, bringing together officials from pertinent ministries to deliberate on the specifics of executing the presidential office's announced initiative this week.
The task force is composed of four working groups, each focusing on different aspects: existing support measures, taxation, fiscal policy, and finance. Their collective goal is to pinpoint practical strategies to achieve the set objectives. The team will pay special attention to assisting workers in navigating labor market transformations brought about by industrial restructuring, as well as the escalating financial responsibilities associated with childcare and eldercare.
Kwon Dae-young emphasized that the measures outlined in the 2026 tax revision bill and the upcoming year's budget proposal are intrinsically linked to wage earners' household finances in the coming year. He stressed that these tasks will be pursued with due respect to deliberations at the National Assembly.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
