Gist of S. Korea’s H2 economic policy plan

The following are the key economic policy measures planned by the South Korean government for the second half of 2024. The measures are aimed to support small merchants and ordinary people, and to boost domestic demand by stabilizing prices and propping up construction investment while managing potential risks, according to the finance ministry. Supporting small merchants, ordinary people -- Extending support for small merchants' business management expenses -- Promoting corporate scale-up projects, supporting small businesses' exports -- Helping business restarting efforts through debt restructuring, employment programs -- Providing emergency funds to stabilize people's livelihoods Stabilizing prices, easing burdens of living expenses -- Extending policy financing to ease inflation -- Minimizing hike of public utility charges -- Strengthening market oversight against potential unfair practices -- Helping reduce living expenses for vulnerable people Reinvigorating domestic demand, including constr uction investment -- Providing funds, various other support to boost construction investment -- Reviving regional economy via investment funds -- Pushing for legislation meant to spur private consumption, investment, exports Managing potential risks -- Stabilizing real estate PF market -- Managing household debts in stable manner -- Establishing economy monitoring system Source: Yonhap News Agency