Ministry of Strategy and Finance, second half policy proposals

On September 12, the Ministry of Strategy and Finance held a second-half policy proposal announcement meeting for the 2030 Advisory Group ‘Young Dynamics’ in Myeongdong, Seoul. The Ministry has been running the group to ensure that young people’s views are heard and eight of the proposals for jobs, housing and asset support that were announced in the first half of April were incorporated in the policy. The presentation proposed strengthening access to the youth employment care, expanding support targets, improving the recognition of work experience credits, providing effective online economic training, improving the animal cosignment management, supporting the processing and distribution of ugly agricultural products, and creating a win-win residential town through private investment. 

Vice Prime Minister Choi Sang-mok visits Chungnam National University

Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok visited Chungnam National University on September 9 and held a meeting with the Stock Investment Research Team to hear opinions on stock investment. The meeting was held to hear opinions from students with real-world investment experience and reflect them in the promotion of policies, as interest in stocks among young people has recently increased. In his remarks, Choi noted that the stock market has become a major asset-building tool for young adults and college students, with the number of investors in stocks under the age of 20 increasing nearly sixfold in the last five years and research showing that stocks are the number one financial product students are interested in. He said that 7 out of 10 college students are investing in overseas stocks, and 89% of them are increasing their investment in overseas stocks, so there is an urgent need for policy support to increase the attractiveness of the Korean stock market in the global stage. So the government is pushing to abolish the financial investment income tax and expand ISA support.