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President Lee Jae-myung's administration is set to launch a comprehensive economic stimulus program on July 21, targeting the revival of Korea's struggling traditional markets and local businesses. A Bold Economic Recovery Initiative President Lee Jae-myung took to Facebook on July 12 to emphasize the importance of revitalizing neighborhood commercial districts, stating that "when local markets thrive, the economy thrives." The President strongly advocated for the successful implementation of the People's Recovery Consumption Coupon policy, expressing his commitment to fostering economic virtuous cycles through increased domestic consumption. The government's People's Recovery Consumption Coupons represent a large-scale domestic demand stimulation policy, providing a minimum of 150,000 won (approximately $115 USD) per person to all Korean citizens. This policy is considered a ...

Government Mobilizes Comprehensive Measures for Economic Recovery The Korean government has announced the imminent launch of its "Consumer Recovery Coupon" program, positioning it as a crucial catalyst for overcoming the nation's economic challenges. During the Lee Jae-myung administration's first National Policy Coordination Meeting, officials outlined comprehensive measures to stabilize consumer prices and revitalize the domestic economy. Beyond Simple Stimulus: A Structural Recovery Approach Government officials emphasized that the Consumer Recovery Coupon represents more than a one-time support measure. The policy is designed as a comprehensive strategy to drive recovery across Korea's economic structure, with particular focus on benefiting neighborhood commercial districts and small business owners who form the backbone of the domestic economy. Professor Lee Jun...