Overview
- The Cabinet, which approved and sent the bill Tuesday, set aside 4.8 trillion won for the bottom 70 percent of earners and 10.1 trillion won for oil-price relief, including about 5 trillion won to offset refiners under a new fuel cap.
- Ruling and opposition leaders aim to pass it by April 10, with President Lee delivering a budget address on Thursday to press for swift approval.
- Officials say no new bonds will be issued, with 25.2 trillion won in extra tax receipts and 1 trillion won from public funds financing the plan.
- Households would get consumer vouchers worth 100,000 to 600,000 won per person, public transport refunds rise to 30 percent for six months, and first payments to vulnerable groups could start in late April.
- Industry support totals 924.1 billion won for naphtha and petrochemical relief, extra oil reserves, rare-earth output and AI upgrades, while Lee warns of supply risks tied to the Middle East and critics flag inflation and fiscal trade-offs.