Overall improvement in supply expected after August
Support for daily recovery of disaster-affected residents
Plan for job support in construction industry in August
Choi Sang-mok, Deputy Prime Minister and Minister of Economy and Finance, speaking at the Economic Ministers Meeting at the Seoul Government Seoul Office in Jongno-gu, Seoul, on July 23. 2024.7.23/News1 ⓒ News1 /Photo=News1
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, ‘[Financial News] Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok stated on the 23rd, “Due to weather anomalies and base effects, there is a possibility of temporary rebound in prices in July.”‘,
, ‘Deputy Prime Minister Choi stated at the Economic Ministers Meeting held at the Seoul Government Seoul Office on that day, “From August onwards, overall conditions such as agricultural supply are expected to improve, and the trend of price stability is likely to continue.”‘,
, ‘Deputy Prime Minister Choi also mentioned, “There is a high possibility that after the end of the summer rainy season, another dangerous weather condition of heatwave will immediately follow.” He said, “To stabilize the supply of agricultural products, more than 300 tons of cabbage and radish reserves will be released daily in mid-July, and efforts will be made to support reseeding of flooded crops and carry out swift disaster recovery,” and added, “The government will do its best to ensure price stability without loosening its vigilance.”‘,
, ‘Deputy Prime Minister Choi stated on support for residents affected by concentrated heavy rainfall, “The government will swiftly provide support for the daily recovery of residents in disaster-affected areas by mobilizing all available resources for disaster and relief funds.”‘,
, ‘The government is taking detailed policy responses to ensure the employment safety of vulnerable groups.’,
, ‘Deputy Prime Minister Choi stated, “A plan to support job creation in the construction industry, which is facing difficulties due to a reduction in tasks, will be formulated in mid-August, and if employment reduction worsens, consideration will also be given to designating special employment support industries.” He added, “To support vulnerable groups in employment, we will expedite the execution of the second-half job budget of 4.6 trillion won, and we will expand the support targets such as local employment support funds and stability funds for low-income workers to over 50,000 people through changes in fund management plans.”‘,
, ‘The labor market policy infrastructure will also be strengthened. Deputy Prime Minister Choi said, “Through the tax law amendments to be announced this week, we will strengthen support for companies that increase employment by redesigning the integrated employment tax deduction, and starting from August, we will begin pilot operation of the ‘Youth Employment All-care Platform’ that provides employment services by discovering and reaching out to unemployed youth.”‘