South Korea Sets Up Task Force to Raise Workers’ Disposable Income

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  South Korea’s presidential office has set up a task force to cut workers’ living costs and raise their disposable income.

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  Presidential Chief of Staff Im Kwang-hyun called for the task force to move ahead with its work at a meeting on Nov. 9.

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  The proposed measures include easing eligibility rules for a basic income-tax deduction, expanding the limit on rent tax credits and broadening the earned income tax credit.

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  Im said the office would continue to identify and carry out policies to reduce living costs and increase disposable income.

Who

The South Korean presidential office, with Presidential Chief of Staff Im Kwang-hyun leading the effort.

What

It set up the “Salary Defense” task force to reduce workers’ living costs and increase their disposable income.

When

Im emphasized the task force’s work on Nov. 9, 2026. He had ordered its creation the previous week.

Where

The South Korean presidential office.

Why

To pursue policies that reduce living costs and raise workers’ real disposable income.

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