“The median income criterion saw its largest increase in 3 consecutive years… R&D leading reform.”
“Significantly expanding public housing supply… Strengthening response system to electric vehicle fires, etc.”,
Deputy Prime Minister Choi Sang-mok presiding over the State Property Policy Deliberation Committee. / Photo=Yonhap News,
, ‘Deputy Prime Minister Choi Sang-mok, also Minister of Planning and Finance, announced that next year’s budget focuses on four major priorities: welfare for vulnerable populations, economic revitalization, improving preparedness for the future, and establishing a safe society and global diplomacy.’,
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, ‘At the government-party consultation meeting on the 2025 budget held at the National Assembly today (20th), Deputy Prime Minister Choi stated through a general speech, “The 2025 budget aims at realizing an era centered around the welfare of ordinary people and the middle class through social stability and dynamic economic activity.”‘,
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, ‘Regarding welfare for vulnerable populations, Choi emphasized, “To strengthen the basic livelihood protection system, we are significantly increasing the median income criterion for the most difficult individuals in our society” and unveiled plans such as expanding jobs and welfare housing for the elderly, enhancing tailored protection for persons with disabilities, single-parent households, and vulnerable children, and significantly expanding public housing supply.’,
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, ‘Furthermore, in terms of economic revitalization, he stated, “We will comprehensively reform research and development (R&D) investment to be at the forefront, significantly expand support scale, and establish a foundation for the leap of advanced industries such as artificial intelligence (AI), biotechnology, and semiconductors, as well as promote export momentum. We will also push forward tailored support for the revival of small business owners, easing their burdens, increasing sales growth, and supporting recovery, as well as improving the distribution structure of agricultural products.”‘,
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, “Under the ‘preparing for the future’ section, plans were unveiled to provide concentrated support in three core areas—work-family balance, care, and housing—for addressing low birth rates, and to expand investments in five major sectors such as manpower development for completing medical reform, essential medical services, regional medical safety nets, and R&D.”,
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, ‘He also stated, “We will strengthen the response system to various new types of disasters and crimes, including electric vehicle fires,” and “improve the treatment of soldiers and military officers to instill pride in military service, enhance combat capability and advanced power, support strategic diplomacy to secure national interests and status on the global stage, and maintain the principle of expanding the five major aspects.”‘,
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