The Democratic Party and the government announced plans to stabilize prices for essential goods during the upcoming Chuseok holiday, which begins on September 24, by expanding supply and offering significant discounts.
Lee Yong-woo, a spokesperson for the Democratic Party, spoke to reporters at the National Assembly after a high-level government meeting held at the Prime Minister's residence in Samcheong-dong, Seoul, on September 13. He stated, "The government and the party reviewed the implementation of measures to stabilize prices and alleviate the burden on citizens during the holiday period."
The spokesperson revealed that the budget for discounts on agricultural and livestock products has been increased to 193 billion won, more than double the 90 billion won allocated in 2025. This will eliminate discount limits and extend the discount period beyond the Chuseok holiday, providing greater benefits on items such as cabbage, radishes, apples, beef, pork, and eggs. Additionally, he announced that 185,000 tons of essential goods will be supplied during the Chuseok holiday to enhance price stabilization efforts.
As of September 11, 72,000 tons of agricultural and livestock products had been supplied out of a total of 163,000 tons, while 2,723 tons of seafood had been provided out of 22,000 tons. He emphasized the need to monitor market conditions and respond accordingly, encouraging participation from the distribution sector to ensure the effectiveness of the Chuseok price stabilization measures. He also mentioned plans for intensive price checks and field visits leading up to the holiday.
* This article has been translated by AI.
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