South Korea to focus on living standard in 2024


President Yoon Suk Yeol (right) and Prime Minister Han Duck-soo attend a Cabinet meeting. — The Korea Herald

SEOUL: President Yoon Suk Yeol reiterates his policy focus, stressing that the new year should be a year to achieve a recovery in ordinary people’s standard of living during the first Cabinet meeting of the year.

According to Yoon, measures are being undertaken to help ordinary people refinance their mortgages via mobile apps, effective yesterday, which would potentially allow them to reduce their borrowing costs.

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