Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance presided over the 33rd Emergency Economy Central Countermeasure Headquarters Meeting and the 11th Korean New Deal Ministers’ Meeting held at the Seoul Government Complex on the 7th. yunhap news
The government will lower tariffs on some imported grains to 0% by the end of this year. Consumer prices rose to 1.5% last month, and concerns over inflation began to actively manage prices.
On the 7th, Vice Prime Minister Hong Nam-ki and Minister of Strategy and Finance held a meeting of the Emergency Economy Central Countermeasure Headquarters at the Seoul Government Complex on the 7th and said, “We will apply 0% emergency quota tariff on some imported grains such as edible corn for a limited time by the end of the year.”
Assigned tariff refers to a system in which the basic tariff rate for a certain quantity can be temporarily increased or decreased to 40% points for price stability. As prices for processed food as well as agricultural products have recently soared, tariffs have been lowered to expand the supply of imported grains.
Deputy Prime Minister Hong also said, “We will improve the import procedure for rapid international grain clearance. We will import an additional 15 million eggs, encourage early shipment of onions and leeks, and flexibly release 3,000 tons of Chinese cabbage stockpiles.” “I said. In addition, in order to stably manage utility bills such as gas bills in the second quarter as much as possible, and to prevent a sharp rise in food prices, the loan interest rate for purchases of food ingredients has been reduced from 2.5% to 2.0%.
At the meeting,’Smart Green Industrial Complex Promotion Strategy’ and’Saemangeum Green + Digital New Deal Comprehensive Promotion Plan’ were also discussed. Deputy Prime Minister Hong said, “We will create a total of 35 smart green industrial complexes from 2023 to 4 each year by 2030.” “He said.
In particular, in the Saemangeum area, a 100MW (megawatt) scale of RE100 (100% electric power is covered by renewable energy) data center complex by 2029, and a 7GW (gigawatt) solar and wind power generation complex by 2030.
Sejong= Youngha Son reporter [email protected]
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