<Anchor>
Reporter Kwon Ae-ri, friendly economy.
Reporter Kwon, it has already been a past month.
Yesterday (31st) July industry indicators were released, and the numbers are worse than expected.
<Reporter>
Yes.
Until August, Korea was considered one of the countries that successfully quarantined and avoided economic blockades.
So from July, Gyeonggi Province was expected to survive little by little.
I thought the second quarter would be a low in all respects.
But when I opened the lid in July, I noticed more worries in the atmosphere of re-proliferation of corona.
Above all, consumption has been greatly reduced.
People spent much less money in July than in June.
Those who spent 1 million won in June spent only 940,000 won in July.
Looking at the extent of the decline alone, as you can see, it looks similar to last February, when consumption first froze due to corona.
In July, in fact, the degree of social distancing was much looser than in the second quarter, even though the activity became more active.
The biggest reason is that the emergency disaster subsidies distributed to all the people since mid-May have already been exhausted in June.
The period for which I can use the subsidy is until August 31st, but in fact, it was almost used up in June, and 90% was exhausted.
<Anchor>
Disaster subsidies are the same.
Until the first half of the year, the same policy was implemented to reduce consumption tax, but I think it would have had some effect on removing it or doing this.
<Reporter>
Yes.
In the first half of the year, we actively gave some tax incentives to not only distribute money, but also to spend.
Particularly, things like a bold reduction policy that gives discounts on car prices by lowering the individual consumption tax that must be paid when buying a car ended in the first half.
In fact, durable goods, including passenger cars, are what Koreans spend less money in particular in July.
Consumption of items that cost money and have to be bought with a great deal of money has decreased by 15.4%.
Besides big money, I bought less clothes.
Even essential medicines and foods spent a little less than in June, but consumption fell sharply in items that cost money.
There are two main reasons for this.
First, after spending all of the subsidies distributed by the country, the consumption capacity diminished again. In particular, it can be said that people whose incomes themselves have decreased a lot, except for making up for emergency disaster subsidies, tightened their belts again.
Another thing is that July may have been a free month in the consumption plan of each house, since the consumption of the things that were absolutely necessary or wanted to have finished to some extent by June.
Even without the emergency disaster subsidies, those who did not lose their income also had the effect of buying a car in the first half of the year, taking into account the tax benefits, in other words, to end the large expenditure of this year in the first half of the year, and have the effect of getting the money to be spent in the second half. .
<anchor>
Yes.
Anyway, even if it did in July, I don't know how things would have changed if I had survived since August and last month, but now everything is actually a little stopped.
<Reporter>
Yes.
So the future is a little bigger problem.
In the case of the metropolitan area right now, it's a period of'one stop'.
The activity itself is shrinking.
As the future becomes more anxious, consumer sentiment also declines.
Even people with money don't use it.
If the actual income decline, which is already experienced by self-employed people and various industries across the country, is spreading further, it could be a situation like a so-called W-shaped recession, which did not rise much but goes down again.
First of all, the regular National Assembly starts today.
The government and politicians will prepare full-scale support measures for the second half of the year.
Right now, the government is providing emergency support for employment maintenance so that employees are not released to various business sites in the metropolitan area that have to be closed this week or have reduced their operations.
We guarantee up to 90% of the labor cost that we continue to give even though we are unable to operate, up to a maximum of 66,000 won per day.
In order to receive this, the original sales have decreased a little, and I have to have this proof, but I decided to give it to those that were restricted this week.
The debate will begin in earnest as well as re-giving the emergency disaster support fund.
To whom and how much to give this time, this is already a great interest.
In the case of giving all as in the second quarter, and in the case of selectively giving differently from the previous one, and if it was selected, it was decided by analyzing the benefits and losses of various cases, the degree and situation of the effects seen in the second quarter. There is a need.