Jin Seong-jun, head of the policy headquarters of the Democratic Party of Korea, said on the 13th, “After taking office, we will review the financial and economic situation and push for a nationwide livelihood recovery subsidy of 250,000 won for all citizens.”
On this day, Jin, head of the headquarters, responded to a question during the CBS radio program 'Kim Hyun-jung's News Show' asking, 'If Lee Jae-myung, the presidential candidate of the Democratic Party, takes office, will the livelihood recovery subsidy be implemented immediately.'
He noted, “The key reason why livelihoods have reached a breaking point is that consumption and domestic demand are too weak,” adding, “I think an immediate prescription to increase the public's consumption capacity is necessary, but we have to assess the situation after taking office before making that judgment.”
In response to the question of whether he is considering raising taxes for the livelihood recovery subsidy, he said, “It's difficult to say anything hastily right now.”
However, he noted, “I recognize that a reasonable tax reform is necessary to reduce the tax burden on the middle class because our tax system has long placed a heavy burden on the middle class.”
He also stated, “If tax reform is unavoidable, it is a matter of comprehensively reviewing how to secure more finances by broadening the tax base while reducing the burden and rationalizing the approach.”