'Wolgeup Bangwide TF' Holds First Meeting to Boost Workers' Disposable Income

Vice Minister Kwon Daeyoung of the Ministry of Finance and Economy delivers opening remarks at the kickoff meeting of the Salary Defense Task Force, held at the Government Complex Seoul in Jongno-gu, Seoul, on the 13th. Ministry of Finance and Economy

The government has begun discussing follow-up measures for the Salary Defense Task Force (TF), which is being run by the Presidential Office to develop policies to lower living costs and increase disposable income.

The Ministry of Finance and Economy said that First Vice Minister Kwon Daeyoung held a kickoff meeting of the Salary Defense TF with relevant government agencies and others on the morning of the 13th. The meeting was attended by senior officials from relevant agencies, including Lee Dongjin, Presidential Secretary for Growth and the Economy, as well as the Ministry of Gender Equality and Family, the Ministry of Science and ICT, the Ministry of Education, the Ministry of Culture, Sports and Tourism, the Ministry of Health and Welfare, the Ministry of Employment and Labor, the Ministry of Land, Infrastructure and Transport, the Financial Services Commission, the Fair Trade Commission, the Ministry of Budget and Planning, and the Ministry of SMEs and Startups.

The TF, chaired by Vice Minister Kwon, will comprise and operate four teams: a team to review existing support measures, a tax team, a fiscal team, and a financial team.

It will explore policy measures in taxation, fiscal affairs, and finance to reduce workers' living expenses and increase their actual disposable income. Discussions will focus on easing the burden of living costs, supporting childcare and care for parents, building assets, stabilizing employment, and managing health.

At the meeting, participants discussed reviewing measures included in the tax reform plan, such as easing income requirements for eligibility for the basic deduction on comprehensive income, as well as policies included in next year's budget proposal, such as expanding refunds under the "Everyone's Card," and developing new policies.

A government official said, "This TF was formed as a follow-up to the senior aides' meeting chaired by Presidential Chief of Staff Lim Kwanghyun on the 9th. After coordinating with the Presidential Office on ways to work closely with its Salary Defense TF, it was set up to identify specific tasks and develop implementation plans."

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