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President Yoon Orders All Out Efforts to Stabilize Prices for Chuseok Updated: 2022-08-11 13:41:45 KST

The South Korean government's announced measures to help stabilize people's livelihoods ahead of the Korean thanksgiving holiday Chuseok, coming up next month.
At the fifth emergency meeting on economic affairs on Thursday, President Yoon Suk-yeol held talks with experts, entrepreneurs and related-Cabinet members on how to stabilize prices and provide support to vulnerable groups, especially with this year's Chuseok coming on the heels of historic flooding.

"I urge the mobilization of all administrative powers so complete compensation for damages and assistance for flood victims and small business owners can be complete before the Chuseok holidays.
We must also reduce food prices for the holiday season and make sure it's big enough that it's felt by the public."

On that point, President Yoon urged the government to supply a record amount of high-demand food products for the holiday as well as plenty of discount coupons.
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