Koo Yun-cheol, Deputy Prime Minister and Minister of the Ministry of Economy and Finance, said on the 24th, "We will extend the fuel tax cut and the fuel price-linked subsidies by two months until the end of February next year to ease the burden of fuel costs."
At a joint meeting of the ministers for economic affairs and the ministers for industrial competitiveness on the morning of the same day, he stated accordingly, saying, "We will carefully ensure that warm support reaches people's livelihoods during the cold winter."
Deputy Prime Minister Koo said, "To help heat vulnerable groups in the winter season, we will increase the energy voucher amount and provide an average of 514,000 won to 200,000 households," adding, "We plan to discount 26 items, including cabbage, premium Korean beef, known as hanwoo, and mackerel, by up to 50% through the end of this month."
He said, "We will continue to expand the 'Just Give' program, which supports anyone in financial hardship with up to 20,000 won for food and daily necessities, to 70 locations nationwide."
Deputy Prime Minister Koo said, "We will also extend the cut to the automobile special consumption tax until the end of June next year, and end it starting in July." The automobile special consumption tax applies a flexible rate of 3.5%, maintaining a 30% reduction compared with the previous rate (5%).