President Yoon: "Unlimited and Indefinite Emergency Agricultural and Livestock Price Stabilization Funds to Be Injected"

Measures to Stabilize Shopping Cart Prices
Expansion of Support for Agricultural Product Voucher Program Recipients

President Yoon Suk-yeol is speaking at the Cabinet meeting held at the Government Complex Sejong on the 2nd. [Image source=Yonhap News]

President Yoon Suk-yeol stated on the 2nd, "The government will inject emergency price stabilization funds for agricultural and livestock products without limit and indefinitely until the prices of grocery items stabilize and the public can feel the effects, and will expand the scope of support." He also instructed to expand the target and scale of the ‘Agricultural Product Voucher’ system, which provides essential agricultural product purchase coupons, as vulnerable groups are the first to suffer when grocery prices rise.

On the morning of the same day, President Yoon presided over the Cabinet meeting at the Government Complex Sejong and said, "Although the upward trend in agricultural product prices has somewhat slowed since late March due to government discount support and the supply of imported fruits, prices are still at a high level." He urged related ministries to "carefully monitor whether the government's support measures actually lead to price stabilization and to examine structural issues to prevent a recurrence of this situation in the future."

He continued, "Last April, widespread cold damage caused by abnormal low temperatures and frost was the beginning of the rise in agricultural product prices," emphasizing, "‘Smart orchards’ utilizing artificial intelligence (AI) and digital technology can be a good alternative, and in the long term, new varieties that can respond to climate change must also be developed."

President Yoon visited Sejong City again after four weeks, following the Cabinet meeting, the Neulbom School inspection meeting, and the 'Central Disaster and Safety Countermeasures Headquarters meeting on doctors' collective action' held on March 6. He said, "The President’s second office to be established in Sejong will take a step further by breaking down the walls between the Presidential Office and government ministries and becoming a space that approaches the people more closely."

Additionally, referring to his visit to Yuseong Sun Hospital in Daejeon the previous day, he promised massive financial investment in the health and medical sector and instructed related ministries to separately report the details and scale of the budget for medical reform.