French President Emmanuel Mark Long has accepted the demands of the so-called "yellow vest" consecutive rallies and acknowledged his mistakes.

President Mark Long delivered a live broadcast this evening, including a minimum wage increase and a retirement of low - income retirees.

However, it said that it would not restore the largely restructured wealth tax (ISF).

"We will raise a minimum wage of € 100 per month from January next year," said Mark Long. "We want France to be dignified through work."

The minimum wage in France after the tax is now 1,185 euros a month after the end of the year, and the equivalent of 1.53 million won for our money.

"We have confirmed that there is an urgent socioeconomic situation," he said. "We will also withdraw the social security contributions (CSG) for retirees who make less than 2,000 euros a month."

The French government has decided to raise 1.7 percent of its CSG retirees from January next year.

Mark Long said the big companies should contribute more to social security and they will call business people next week to discuss and prepare measures.

But he refused to demand a restoration of the so-called ISF, which he reduced after his administration.

President Mark Long said there will be no retreat in relation to the ISF, saying, "If we step back here, France will weaken."

He emphasized that he would strengthen the system to cope with tax avoidance such as tax evasion and defamation and monitor public expenditure instead.

Mark Long's announcement was largely embracing the demand for a so-called "yellow vest" protest across the country for a month.

"It was a lot of anger and I will not forget that many people shared these feelings," he said. "This anger was very important, but it could be an opportunity for us."

In the meantime, I apologized, "I did not answer correctly in the early phase of the rally, and I hurt you with my unknowable remarks."

Mark Long, however, said there would be no U-turn on his overall national reform path.

"We will respond to socioeconomic emergencies with strong measures, such as lowering taxes more quickly and controlling government spending, but we do not make U-turn," he said.

"The problems of the low-income class and rural areas are not yesterday's problems, but the problems that have existed for over 40 years have surfaced," he said.

(Photo = AP / Yonhap News)