"250,000 won is not good for the whole nation".Lee Chang-yong opposes Lee Jae-myung's proposal [Now News]

In a press conference after the Monetary Policy Committee on the 16th, Bank of Korea Governor Lee Chang-yong stressed the need for an extra budget of up to 20 trillion won, but said the government should avoid paying subsidies to the entire nation.

Regarding the payment of 250,000 won for the entire nation pushed by Lee Jae-myung, chairman of the Democratic Party of Korea, he said, "It is not desirable."

"The sooner the extra budget is, the better, but the entire national support fund may not effectively solve the difficulties of certain classes," he said, criticizing the proposed payment of 250,000 won for the entire nation by Lee Jae-myung, chairman of the Democratic Party of Korea.

Referring to the need to support self-employed people and small and medium-sized enterprises, Lee stressed that customized support for each target is effective.

"The national support fund has the side effect of greater benefits for some well-performing self-employed people," it said.

Meanwhile, the Bank of Korea has increased the special support limit through "financial intermediary support loans" by 5 trillion won from 9 trillion won to 14 trillion won to respond to the crisis by SMEs.

2.8 trillion won will be allocated to Seoul and 11.2 trillion won to provincial areas, and low-credit small and medium-sized enterprises and self-employed businesses, excluding pubs and real estate businesses, will be eligible for support.

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