Deputy Prime Minister Choi Sang-mok Calls for Urgent Action on Key Economic Bills

In a recent meeting at the Government Complex Seoul, Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, urged the National Assembly to swiftly pass major bills directly related to the competitiveness of Korean companies, including the Special Semiconductor Act. Choi emphasized the need for rapid processing of these bills to stabilize people's livelihoods and enhance industrial competitiveness.

Choi also requested the private sector to proceed with planned year-end events as scheduled, stating that this would contribute to a recovery in domestic consumption. The government announced measures to strengthen customized support for small business owners and self-employed individuals, including a 10 trillion won New Start Fund for debt adjustment and doubling the loan conversion guarantee to 10 trillion won.

Additionally, the Ministry of Economy and Finance announced an additional 200 billion won in low-interest loans for credit-vulnerable small business owners, increasing the total to 800 billion won. Measures are also planned to address "no-shows" and malicious reviews, identified as the "four major livelihood damages."