The ruling party, the government and the presidential office will release a special auto insurance rider next month that discounts premiums for participating in the odd-even license plate driving system.
Kang Jun-hyun, chief spokesperson of the Democratic Party, said after a high-level meeting of the ruling party, the government and the presidential office on the 22nd at the prime minister's residence in Samcheong-dong, Jongno District, Seoul, "The non-life insurance industry will launch next month an odd-even participation rider that discounts auto insurance premiums when drivers join the odd-even system, providing benefits to people who voluntarily take part in energy saving."
Kang added, "This month we plan to draw up measures to ease public transit congestion to broaden participation in energy saving," and "We also plan to prepare measures to spur green consumption, such as boosting tourism during the May holidays."
The ruling party, the government and the presidential office decided to determine soon whether to implement a fourth round of the petroleum price ceiling system after comprehensively considering market impact, international oil prices and the public burden.
At the meeting, the Democratic Party asked the government to respond proactively to minimize the impact on the supply chain for naphtha and crude oil procurement. In connection with this, the government said it will manage the smooth introduction of 273 million barrels of crude oil and 2.1 million tons of naphtha pledged to the Strategic Economic Cooperation Delegation in Central Asia and the Middle East.
The government also decided to actively support crude oil imports through the port of Yanbu in Saudi Arabia. It will swiftly execute the program, reflected in the extra budget, to subsidize the unit price gap for naphtha imports totaling 670 billion won to backstop naphtha procurement.
To stabilize livelihoods and support vulnerable groups, the government will intensively identify people falling through the welfare safety net. In cases where assistance is urgent, such as crisis households, responsible public officials will be allowed to apply for livelihood benefits ex officio starting this month.
Of the 26.2 trillion won in the extra budget, the government selected 25 trillion won as subject to management, and for 10.5 trillion won in projects requiring swift execution, it plans to spend more than 85% in the first half.
No discussion was held on the special long-term holding deduction for real estate capital gains tax that day, according to accounts. Chief spokesperson Kang said, "There has been no concrete discussion yet at the level of the party, government and presidential office, but we are listening to a range of public opinions regarding the policy's intent," adding, "However, there is a guiding view that we must end the nation-ruining reputation of real estate omnipotence, and that excessive benefits through multi-home rental business operators or ownership of non-resident dwellings should not be allowed."