South Korea to Supply Record Amount of Goods, Funds for Chuseok Holiday

South Korea is preparing to offer unprecedented support for its citizens during the upcoming Chuseok holiday. Deputy Prime Minister Koo Yun-cheol announced that the government will provide the largest-ever supply of essential goods and funds to ensure a prosperous and abundant holiday season.

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We will prepare Chuseok public welfare stabilization measures so that the people, tired from the heatwave, can spend the upcoming holiday generously and abundantly.

Key measures include significant discounts on agricultural, livestock, and fishery products throughout September. This initiative aims to alleviate the financial burden on households and make holiday shopping more affordable. Additionally, the government plans to expedite the payment of earned income and child tax credits, providing timely financial relief to low-income and vulnerable groups.

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We will supply essential holiday goods and funds on a record scale, and especially in September before the holiday, we will ease the burden on the shopping basket through discount events for agricultural, livestock, and fishery products.

Beyond consumer goods, the government is also focusing on stimulating tourism and consumption through measures like vacation expense support and reduced transportation costs. These comprehensive plans underscore the administration's commitment to stabilizing the economy and supporting the daily lives of its citizens during the festive period. The detailed Chuseok public welfare stabilization plan is expected to be announced next week.

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We will also carefully take care of the daily lives of the working class and vulnerable groups by paying earned income and child tax credits early before Chuseok.