President Moon Jae-in said at the cabinet meeting on the 6th that the 'expansion fiscal policy' was "a significant contribution to easing the income gap, improving distribution and increasing the growth rate", but the Ministry of Employment and Labor reported on the 5th that it was a third of last year's fiscal job project, which was 33 trillion won. It was negatively evaluated that this improvement or budget cut was necessary.
The Ministry of Employment and Labor's '2020 Job Project Performance Evaluation Report' evaluated 14 'excellent', 81 'good', 36 'need to improve', and 14 'reduced' projects out of 145 projects that can be evaluated. 50, accounting for 34.4% of the total.
The Ministry of Employment and Labor said that about a third of the total of 33.6 trillion won, including the four additional budgets (8.1 trillion won) that the government invested in the job creation project last year, had already been revealed to be insolvent at the beginning of the project.
At the Cabinet meeting, President Moon urged the early execution of this year's supplementary budget of Article 35 and said, "The expansionary fiscal policy is producing the effect of a policy of one stone and three articles." He added, "Through active fiscal spending, we will reduce the market income gap caused by inequality recovery and improve distribution. It contributes greatly to the growth rate. The virtuous cycle of fiscal spending leads to an increase in tax revenue, which is also contributing to fiscal soundness.”
According to the Ministry of Employment and Labor’s report, “Most of the jobs with reduced grades are difficult to link with private employment, such as the ‘Forest Service Assistant’ of the Korea Forest Service and ‘Environmental Keeper’ of the Ministry of Environment, or the ‘revitalization of museum operation’ of the Ministry of Culture, Sports and Tourism. He said, "Even if the performance of the project itself was successful, a reduction grade was given to a project that was insufficient in terms of employment or whose execution was sluggish. In particular, 10% of the total was reduced by improving the effectiveness of evaluation and preventing the tendency to be generous."
In the government-financed job budget (25.5 trillion won, excluding the supplementary budget) last year, unemployment income accounted for 40.6% of the total, direct jobs accounted for 11.2%, and the rest was vocational training 8.8%, employment service 4.7%, employment incentives 25.5%, A total of 6.71 million people were supported, including 9.2% of start-up support.
Of the 2.59 million young people who accounted for 38.6% of the applicants, the majority of them participated in auxiliary job projects such as vocational training, employment services, and employment incentives.
In the report of the Ministry of Employment and Labor, 'excellent grade' also includes the Ministry of Employment's 'employment maintenance subsidy', the Ministry of Health and Welfare' 'job support for the disabled', and the Ministry of Education 'university start-up revitalization'.
Real Today, a real estate research firm, said in an analysis of 'KB Real Estate Apartment Sales Average Price' in May this year, compared to January of this year, "medium-sized area price rose 9.16%, recording the highest rate of increase among all housing types." ) increased by 3.78% compared to the 5.38% increase,” announced on the 4th that 'even medium-sized ones rose by 10%'.
The Korea Real Estate Agency said, “The price of apartments in Jeju rose 10.42% in the first half of this year, the second highest in the country after Incheon (11.84%). It is a large entry, and the exclusive area of 84 square meters for 'People's Equilibrium' has also entered the '1 billion unit'," he said on the 6th.
According to the Korea Real Estate Agency, the rate of increase in apartment prices nationwide in the first half of this year was 6.65%.
Real Today said, “As the government’s real estate regulation continues in the metropolitan area, the demand for investment in regions with relatively less regulation has increased, and the number of foreign apartment investors in Chungnam, Gangwon, and Gyeongsangbuk-do has increased significantly.” “From January to May, The purchase of apartments in rural areas increased by 21.37% compared to the same period of the previous year,” he said on the 6th, citing data from the Korea Real Estate Agency.
According to the ‘Status of Apartment Sales Transactions’, the number of foreign purchases increased from 37,279 last year to 45,246 this year, an increase of 136.26% from 11,151 the previous year.