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As the burden on the common people continues to grow due to soaring prices, the government has come up with measures to lower prices even a little.
Ten measures were announced in three areas: the cost of meals, education expenses, and housing stability for the common people.
Correspondent Jo Ki-ho.
<Reporter> The
government held a meeting of economic ministers a while ago and confirmed the top 10 projects for stabilizing people's livelihoods.
In view of stabilizing the price of living and dining tables, it was decided to first apply a 0% quota tariff to imported pork, cooking oil, and wheat until the end of the year.
In the case of imported pork, which currently has a tariff of up to 25%, this measure leaves room for a price drop of up to 20%.
In the case of coffee and cocoa beans, import tax is temporarily exempted until next year.
VAT on processed food will also be waived until next year.
[In-Dae Yoon/Director of Economic Policy Bureau, Ministry of Strategy and Finance: We will exempt the value-added tax on individually packaged processed foods such as bottles and cans by 2023 to induce a price drop.]
This includes kimchi, soybean paste, and red pepper paste.
Measures have also been taken to stabilize the housing of the middle class and the working class.
It is expected that the ownership tax paid by end-users of one-family houses this year will be returned to the level of 2020 before the price surge.
The acquisition tax for temporary two-family dwellers also decided to extend the period of recognition of the exclusion of heavy duty from one year to two years.
The government has also announced measures for financial support.
When young people or newlyweds purchase a home for the first time in their lives, the upper limit of the mortgage loan ratio will be raised to 80%.
They are also expected to launch the longest-term mortgage product, which can be repaid for up to 50 years, in August.