Deputy Prime Minister for Economic Affairs Koo Yun-cheol, who also serves as Minister of the Ministry of Economy and Finance, delivers remarks at the party-government consultation on the 2026 second-half economic growth strategy held at the National Assembly Members' Office Building on the 13th. From right: Minister of the Ministry of Planning and Budget Park Hong-keun, Minister of the Ministry of Climate, Energy and Environment Kim Seong-hwan, Deputy Prime Minister Koo, Acting Representative and Floor Leader of the Democratic Party of Korea Han Byeong-do, and Policy Committee Chair Han Jeong-ae./Courtesy of Yonhap News Agency

The government said on the 14th it will supply 400,000 public rental dwellings for young people and newlyweds by 2030. It plans to first supply 60,000 universal public rental dwellings with expanded move-in requirements so that various income groups, including young people, newlyweds, and the middle class, can move in.

On the day, the government announced its "economic growth strategy for the second half of 2026," centered on these measures.

The government will also create a special subscription program for the supply of dwellings for newborns targeting newlyweds. Previously, the special supply opportunity disappeared seven years after registering the marriage, but a special supply for newborns (age 2 or younger) will be created for newlyweds who have given birth. The government also plans to draw up and announce measures to improve income requirements for newlyweds' dwelling loan financing.

If a young person living in public rental dwellings gets married, the government plans to allow a contract extension. Previously, if combined income and asset exceeded the criteria, renewal was not possible, but now one renewal will be allowed regardless.

The government will also prepare measures to restore youth employment. It plans to train more than 200,000 young professionals through the three mega projects it is pursuing. The government said it will expand job-readiness programs in high-demand advanced industries, such as the K-New Deal Academy and boot camps, to support employment. It also said it will create 100,000 new jobs in the private and public institutional sector.

It said it will launch a youth-type individual savings account (ISA) for young people with annual total salary of 75 million won or less. It will apply a 10% income deduction to youth-type ISA contributions and will also expand interest, dividends income, and contribution limits.

On the day, the government said it will create a future response fund using additional tax revenue to invest in young people and others. It said it will invest the tax revenue increasing due to the semiconductor boom for the future, rather than using it for short-term expenditure or one-off supplementary budgets.

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