President Lee Jae-myung stated on June 23 that while the semiconductor boom has led to remarkable growth in the stock market, it has also cast a shadow of asset polarization. He emphasized that the youth generation, who lack stable job opportunities and income to build assets, are among the most marginalized groups.
During a Cabinet meeting and emergency economic review at the Blue House, President Lee remarked, "It is crucial to make meticulous efforts across all policies to provide more opportunities for young people." He acknowledged the feelings of alienation among youth, noting, "The record bonuses and unprecedented KOSPI index seem like tales from another world to them, and the government must take this sentiment to heart."
He added, "There is no 'silver bullet' to resolve the issues faced by the youth generation overnight. If there were, it would have already been implemented."
As part of addressing these challenges, President Lee announced the launch of a youth savings program aimed at helping young people build stable assets. He urged officials to ensure effective promotion and management of the policy and called for swift action to significantly and practically expand opportunities for youth in all areas of life.
* This article has been translated by AI.
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