First Public Welfare Forum of the Latter Half of the Term Presided
“Devise Forward-looking Measures to Stimulate Domestic Consumption”
Relief from No-shows, Malicious Reviews, Disposable Product Fines, etc.,
President Yoon Suk-yeol Speaking at the Public Welfare Forum – President Yoon Suk-yeol held a public welfare forum with the people on the theme ‘Reviving Small Business Owners and Self-employed, Revitalizing Local Markets’ at the Arts Center Goma in Gongju, Chungnam on the 2nd. Gongju Yonhap News,
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, ‘On the 2nd, President Yoon Suk-yeol announced measures for small business owners and the self-employed, including a 30% reduction in delivery fees for micro businesses and the introduction of a reservation guarantee system for no-shows. President Yoon emphasized that “small businesses and the self-employed should be able to regain their vitality and enjoy their work if we are to resolve polarization,” reiterating his commitment to overcoming polarization, a key theme for his administration in the latter half of his term.’,
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, ‘President Yoon presided over the first public welfare forum of the latter half of the term in Gongju, Chungnam under the theme ‘Reviving Small Business Owners and Self-employed, Revitalizing Local Markets’. In his opening remarks, he stated that “supporting small businesses and the self-employed was the first campaign promise, and it is also the first national agenda item.” He announced that next year’s budget dedicated to small businesses and the self-employed will be set at a record high of 5.9 trillion won.’,
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, ‘ MobileAdNew center ‘, ‘President Yoon stated, “The government will devise forward-looking measures to stimulate domestic consumption,” emphasizing, “We will boldly implement policies that not only encourage corporate investment but also stimulate public consumption. This is essential for small business owners and the self-employed to thrive.” In his closing remarks, he reiterated, “Fundamentally, people need to be encouraged to spend money,” adding, “Consumption is crucial. We must fundamentally stimulate consumer sentiment.”’,
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, ‘In the morning’s chief secretary meeting, he also instructed his aids to “devise forward-looking measures to stimulate domestic consumption.” This appears to be a response to recent economic indicators, such as the Bank of Korea lowering next year’s economic growth forecast to the 1% range and Statistics Korea’s household survey showing sluggish domestic demand. It seems aimed at addressing polarization through stimulating domestic consumption and demand.’,
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, ‘President Yoon announced three key measures for small business owners and the self-employed: support, regulatory relief, and local market revitalization. To alleviate the burden of delivery commission, which is about 9%, he said major platforms will reduce their delivery fees by over 30% for micro businesses, with traditional markets having a 0% commission rate. He also plans to reduce the 5-14% fee on mobile gift certificates and shorten the settlement period. President Yoon pointed out, “With delivery charges added to brokerage fees, it’s nearly impossible to profit,” asking rhetorically, “How can anyone run a business like this?”’,
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, ‘Regulatory relief will focus on addressing four major harms to the self-employed: no-shows, malicious reviews, fines for disposable products, and illegal advertising agencies. For no-shows, the introduction of a reservation guarantee system is planned, along with improved dispute resolution standards. For malicious reviews, 90 counseling centers nationwide will be established to ensure that confirmed malicious reviews can be swiftly deleted or concealed. Fines of up to 3 million won for the use of disposable cups will be waived if the offense is the customer’s fault. For the hundreds of millions spent annually on online promotions, a mediation organization will be set up to resolve disputes without going to court.’,
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, ‘ MobileAdNew center ‘, ‘President Yoon mentioned Baek Jong-won, CEO of Theborn Korea, revealing plans to cultivate 1,000 private market planners. He stated, “Mr. Baek has drastically transformed Yesan market with his private market planning,” and announced the intention to foster 1,000 private market planners to undertake similar transformations. Additionally, by 2027, local market development funds and funds worth 500 billion won will be established to support markets planned to align with regional characteristics.’,
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, ‘Similar to France’s ‘Local Workshops’, 10 ‘Local Maker Spaces’ will be created nationwide, where local entrepreneurs and residents can engage and interact. For areas with declining populations, the criteria for designating local markets will be relaxed from the current 100 to 50, allowing for government support.’