700 Billion Won Debt Forgiveness for Small Business Owners and Expansion of Basic Income Regions in Rural and Fishing Villages
3 Articles
3 Articles
The government announced that it will forgive 700 billion won of the debt of small business owners with long-term loan arrears. In addition, it will expand the areas eligible for the monthly basic income of 150,000 won for rural residents in areas experiencing population decline. The government approved the "2027 Budget Bill," which includes these measures, at a Cabinet meeting held on the 1st. The core of the plan is to support local regions an…
The government has put forward "responding to K-shaped polarization" as one of the key keywords for next year's budget. The government's plan is to achieve livelihood stability and "active welfare" through measures such as expanding basic income for rural and fishing communities and providing childcare allowances to the self-employed. However, the growth rate of the health, welfare, and employment budget lags behind the growth rate of total expe…
The government is significantly expanding the number of target areas for the 'Rural Basic Income Pilot Project,' which is currently being supported in 17 counties this year, to 35.
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