Deputy Prime Minister and Minister of Finance Lee Hyung-il held an economic issues meeting on the afternoon of October 5 with Cheong Wa Dae Policy Chief Ha Jun-kyung and others.
According to the Ministry of Finance, participants discussed strategies for advancing three key social policies related to housing, employment, and subprime finance.
This meeting follows President Lee Jae-myung's announcement of a commitment to implement these three core social policies, emphasizing the need to actively utilize available resources and policy tools, including excess tax revenue, to address polarization and inequality, which are central factors contributing to public anxiety.
In a post on social media platform X (formerly Twitter), President Lee stated, "We will expedite the large-scale supply of public long-term rental housing for youth and the middle class using excess tax revenue."
Based on the discussions held today, the government plans to further refine specific tasks and strategies for utilizing excess tax revenue through additional inter-departmental discussions and consultations with various stakeholders.
* This article has been translated by AI.
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