The Korea Times
Reaction among small business owners is sharply divided over the government's plan to offer up to 600,000 won ($397) in cash assistance to people in the bottom 70 percent income bracket, according to market watchers Wednesday. The government aims to support households and revitalize local economies strained by the ripple effects of the Middle East conflict, with supporters viewing the measure as a potential boost for an economic rebound. Critics, however, argue the move risks being a temporary measure that could add to inflationary pressure. The Ministry of Planning and Budget said the proposal is part of a 26.2 trillion won supplementary budget to cushion households and businesses from rising energy and logistics costs amid the prolonged conflict. The cash assistance program targets about 35.8 million people and allocates about 4.8 trillion won. Under the plan, all eligible recipients will receive a base payment of 100,000 won, with additional amounts determined by income level and place of residence. Those in lower-income brackets outside the Seoul metropolitan area could receive up to
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