The Lee Jae-myung administration is considering a supplementary budget of approximately 20 trillion won ($14.8 billion) including cash handouts, but experts advise against it.
The Korean government will raise the so-called paternity bonus — a special parental leave benefit granted to the second parent taking leave — to match the standard parental leave pay, the Ministry of Employment and Labor announced Tuesday.
Korea can never make globally-accredited achievements if it keeps scientists and inventors in the frame of management, not encouragement.
Only radical, determined and effective support to buttress Korea’s chip edge can reap the fruits of strengthened national competitiveness, economic growth, and job increases.
The Seoul Metropolitan Government announced on Monday that it will subsidize almost half the price of a hydrogen vehicle as part of its plan to reach carbon neutrality by 2050.
A parked car charges at a charging station in Seoul on Tuesday. The Ministry of Environment announced on the same day that electric cars priced below 85 million won ($63,988) will be eligible to receive governmental subsidies.
Korea is offering financial incentives to encourage companies to bring production facilities back from overseas. The measures include corporate investment subsidies, extended tax discounts and tax credits for R&D.
Instead of hoarding money, the ministry should put it to effective use for birth and future education policy.
Korea JoongAng Daily Sitemap
