Distribution of the Second Round of Public Consumption Coupons on the 22nd... Koo Yoon-cheol Announces Chuseok Public Stability Measures

[Financial News] Deputy Prime Minister and Minister of Strategy and Finance Koo Yoon-cheol announced on the 3rd, "We will promptly announce the Chuseok public stability measures."
 Deputy Prime Minister Koo held the 'Economic Ministers' Meeting and Industrial Competitiveness Enhancement Ministers' Meeting' at the Government Complex Seoul on this day and stated, "The full-fledged race for economic recovery starts now."
 Deputy Prime Minister Koo stated, "The long-standing economic downturn trend is reversing after the new government inauguration," and "Due to policy effects such as public recovery consumption coupons, consumer sentiment has risen to 111.4, the highest level in 7 years and 7 months, and retail sales in July also increased by 2.5%, the largest increase in 29 months."
 Deputy Prime Minister Koo said, "We will distribute the second round of public consumption coupons from the 22nd and will soon announce the Chuseok public stability measures."
 He emphasized, "The government will sprint without rest," and "While responding seamlessly to global trade risks, we will gather all policy capabilities to promote AI and ultra-innovation economy leading projects."
 In the meeting, follow-up support measures for U.S. tariff negotiations, support measures for SMEs affected by U.S. reciprocal tariffs, creation and operation plans for the National Growth Fund, and improvement plans for public institution services perceived by the public were discussed.
 Regarding support measures for companies affected by U.S. tariffs, Deputy Prime Minister Koo stated, "We will supply 13.6 trillion won in emergency management funds to affected companies by the end of the year and support export vouchers worth about 420 billion won by 2026." He continued, "We will further reduce interest rates for low-interest operating funds for industries affected by tariffs and increase the loan limit tenfold," and "For steel and aluminum, which are greatly affected by tariffs, we will establish a secondary compensation project and 'emergency low-interest loan funds' and apply emergency allocation tariffs on core raw materials for steel within the year."
 He also presented measures to strengthen the export competitiveness of SMEs and key industries.
 He stated, "We will foster export small giants focusing on the '4 major K-consumer goods' such as beauty, fashion, life, and food, and support finance, certification, and marketing as a package for pioneering new markets." He added, "While expanding R&D for super-gap technology in key industries such as steel and automobiles, we will also quickly finalize the creation plan for the 'National Growth Fund' worth over 100 trillion won and make full-scale investments in advanced strategic industries."

spring@fnnews.com Lee Bo-mi Reporter