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Fellow Koreans, the Honorable Speaker and acclaimed associates of the Civic Assembly,

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I will present to the accessible and the Civic Assembly the Government’s anniversary angle for budgetary year 2019 and ask for your cooperation in casual it. I achievement it will become an befalling to reexamine the lives of the bodies together.

The civic anniversary is a autumn produced by able bodies and businesses. I am beholden to them for accepting candidly paid taxes. Moreover, I achievement they will pay agog absorption to how the autumn is actuality and should be used.

I will activate by answer the administration and goals of abutting year’s anniversary plan. They are actually the administration and goals that our association should pursue.

We all should beforehand together. Aback all the bodies beforehand in their corresponding positions, individuals and communities can accretion happiness.

A eyes for accepted abundance has become a alive force abaft the development of capitalism and the economy. With the acceptance that anybody can become bigger off, we were able to acquisition backbone during boxy circadian ordeals and beforehand our communities.

Thanks to the endeavors of our people, the dream of acceptable bigger off has appear accurate to a assertive extent. However, the dream of affluent “together” is still a abroad goal.

As a amount of fact, our achievements in bread-and-butter development are astounding. This year, our exports are projected to beat US$600 billion for the aboriginal time ever, ambience a new record. In acceding of consign abstracts alone, Korea is the sixth bigger exporting assertive in the world.

In addition, Korea’s bread-and-butter advance amount still stands in breadth college than that of those countries with an bread-and-butter cachet agnate to or aloft our own. The apple marvels at our bread-and-butter growth. We deserve to booty pride in ourselves.

Nonetheless, admitting the alien achievements and calibration of our economy, the absoluteness is that the majority of accustomed citizens still acquisition their lives hard.

This is because the socioeconomic bisect has agitated while we accept been absorption too abundant on growth. Amid avant-garde countries, Korea has become the nation with the affliction case of bread-and-butter inequality. Now Korea is not an candid society. Asperity has led to bent in its entirety. Asperity and bent accept escalated to the point breadth they attenuate the accordance of our association and impede acceptable development.

I accept that antecedent administrations were acquainted of this actuality and formed continuously on assorted efforts to advance welfare. They, however, bootless to bolt up with the clip of the accession socioeconomic divide. That is because they never afflicted bread-and-butter behavior that alone followed old templates for growth. We accept to face up to this adamantine truth.

Now we should attenuated the bread-and-butter asperity gap and move adjoin a fairer, added unified society. I am assertive that this is a aisle to acceptable growth.

The able year and a bisected was a time for us to strive to transform our bread-and-butter and amusing structures at their roots to accomplish accepted prosperity.

We accept accustomed a people-centered bread-and-butter action to activate the lives of accustomed people. As a advance action aimed at accepted prosperity, we accept pushed for income-driven growth, avant-garde advance and a fair economy.

A structural about-face has begun, but there is still a continued way to go. Manufacturing, one of the acceptable flagship industries, continues to abide stagnant, and changing difficulties with application additionally persist. As banking bazaar animation has added due to the ambiguity of alien altitude fueled by a backpack in absorption ante in the United States and the U.S.-China barter dispute, we should appraise the bearings added rigorously. In the action of an bread-and-butter action transition, some accept collapsed on adamantine times, including babyish merchants, self-employed business owners and the elderly.

Nevertheless, our efforts and action attitude to “prosper together” should break on course. While bringing the macroeconomic bearings beneath abiding management, we will footfall up commutual efforts to abode difficulties arising in the action of implementing policy.

Such structural problems as low growth, abandoned growth, the animosity of abundance and assets inequality, a low birthrate and an crumbling citizenry as able-bodied as changes in the automated anatomy are alarming tasks to be bound in a abbreviate amount of time. It will accordingly booty time until our bread-and-butter fundamentals and amusing anatomy advance essentially and achievements activate to be seen.

We cannot allow to about-face aback to the old methods that aggravate bread-and-butter inequality. Water alcove the sea alone afterwards the puddles are full.

Together, we will abound over adversity that arises from the alteration process. While administration the accountability and alive together, every one of us will actually be able to alive with address and in harmony.

When the accompaniment takes albatross for people’s abundance throughout their altered activity stages, aback businesses accomplish their amusing responsibilities and aback individuals acquisition beatitude in their jobs, we can beforehand together.

To that end, we should accompany changes to our society. Our nation should become a abode breadth bodies feel at affluence aural a amusing assurance net and abundance system. It should become a country that guarantees fair opportunities and aloof results. It should become a country in which not a distinct aborigine is discriminated against.

An across-the-board accompaniment in which all bodies beforehand calm – this is the aisle we should booty and the calling of this time entrusted to my Administration.

The Apple Bank, IMF, OECD and abounding added all-embracing organizations and countries accept already amorphous to allocution of inclusiveness. They apostle welfare, a fair economy, and across-the-board advance in which the consistent assets are broadcast appropriately to anybody and assets increases amid mid- to low-income earners.

The amplitude pursued by my Administration embraces the aforementioned concept. From across-the-board association and across-the-board advance to across-the-board abundance and across-the-board democracy, aback an amplitude chargeless of exclusions becomes our society’s amount and philosophy, we will be able to beforehand together.

I achievement the Civic Assembly will accompany calm and draw aloft insights. The 2019 anniversary angle is to armamentarium a country breadth all bodies beforehand together. It will be an important aboriginal footfall adjoin an across-the-board state.

My adolescent Koreans, acclaimed associates of the Civic Assembly,

You may not feel the accurate faculty of how an across-the-board accompaniment affects our lives. Budgetary abstracts such as several hundred billion won and tens of abundance won may not bell with you personally.

Today, I would like to action an archetype of a four-member domiciliary to appearance how lives can be afflicted should the 2019 anniversary plan be implemented.

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A able woman and man in their 30s accommodated and accomplish a home together. Active with one of their mothers, they accept abounding things to adapt as able-bodied as abounding apropos about her childbirth.

In an across-the-board state, accouchement and childrearing are a antecedent of joy for all, including the ancestors and the country. Therefore, the accordant accountability should be aggregate with the government.

So far, alone those workers covered by application allowance accept been acceptable for maternology leave benefits, but starting abutting year, alike acting employees, self-employed business owners and absolute workers in assertive fields who accordance bearing will be provided 500,000 won anniversary ages by the Government for up to a best of 90 days.

The new mother can accept postnatal affliction casework from bloom consultants. The new ancestor can booty paid ancestors leave for 10 days, up from absolute three days. For babyish and medium-sized enterprises, the Government will accommodate allowance subsidies accoutrement bristles workdays.

If the mother and the ancestor booty childcare leave one afterwards the other, the added ancestor demography a leave will be advantaged to added benefits. He or she will be paid an added best of 2.5 actor won in affectionate leave allowances over the aboriginal three months. Over the afterward nine months, he or she will accept 50 percent of his or her boilerplate anniversary salary.

Beginning in September this year, a anniversary adolescent anniversary of 100,000 won per adolescent has been provided, abbreviation worries about the amount of babyish blueprint and diapers.

Rental units and “hope towns” for newlyweds, which will be alien abutting year, will advice them apprehend their dreams of owning a abode earlier. The Government will awning some of the absorption accuse so that they can borrow at an absorption amount of 1.2 percent at its lowest. By authoritative it accessible to pay aback a accommodation in installments over 30 years, the accountability of borrowing will be eased.

If the bedmate or wife gets a new job in a babyish or medium-sized action this year, he or she can put money into a adolescence assets armamentarium that compensates capital cadre at SMEs. Afterwards three years, it will be accessible for the anniversary holders to aggregate a ample sum up to 30 actor won.

If they appetite a bigger job, they can accept up to two actor won for training costs per year by application a “worker abstruse training card.”

Since the mother-in-law is over 65, she can accept a anniversary basal alimony of 250,000 won. The activity to actualize amusing account jobs for chief citizens to alpha abutting year could advice abate her activity further. The accomplishment will be about alert that currently paid for absolute jobs for the elderly.

Additional balance of added than one actor won accept been generated to augment the anniversary incomes of the brace and mother-in-law in the sample household. Accessible apartment will be accessible for acquirement in 10 years so that the renters will be able to own them.

A government anniversary focused on architecture an across-the-board accompaniment has been arena a ample role. From alliance to childbirth, the burdens on the amateur of archetypal brace will be decidedly eased.

My adolescent citizens and associates of the Civic Assembly,

Now, I am activity to allege about the appearance and capital agreeable of the anniversary plan for 2019.

Total amount stands at 470.5 abundance won, a 9.7 percent access from this year’s budget.

It is the bigger anniversary access back the 2009 budget.

Korea able bread-and-butter advance aerial about 3 percent aftermost year, but the amount decreased to the 2 percent ambit afresh this year. It is awful acceptable that the low advance trend beneath 3 percent, which started abounding years ago, will become the norm.

External altitude are not acceptable either. Due to the advance of protectionism, barter disputes and the absorption amount backpack in the United States, the all-around abridgement is on a bottomward spiral. This can become a huge accountability on our economy, which is awful abased on trade. Therefore, now is the time for budgetary spending to comedy a added alive role.

Last year and this year accept apparent back-to-back anniversary tax acquirement surpluses beyond 20 abundance won. Regrettably, however, added civic tax revenues accept not been actually activated for bread-and-butter recovery.

If we accept acceptable budgetary means, we accept to preemptively adapt for the blow of an bread-and-butter arrest through advancing budgetary operations and acknowledge in ardent to structural problems accompanying to jobs, polarization, a low birthrate and an crumbling population.

International organizations such as the IMF and OECD acclaim that countries with acceptable banking assets apparatus an expansionary budgetary policy.

In the anniversary plan for abutting year, which is based on a abiding and astute tax acquirement estimate, absolute expenditures accept been added in admeasurement to the acceleration in tax revenue.

Korea has a low absolute debt-to-GDP arrangement about to added countries. Nevertheless, I appetite to agenda that this budget, for the account of budgetary soundness, has been able in a way that enables us to backpack out budgetary spending requirements afterwards accretion the absolute debt ratio.

The anniversary plan for the abutting year is geared for architecture an across-the-board state.

My Administration will advice anybody accomplish their dreams through jobs and advance advanced with avant-garde advance in earnest.

A antecedence has been placed on acknowledging the accessible for an across-the-board association as able-bodied as accretion the amusing assurance net.

Considerable accent has been placed on efforts to advance pubic assurance and the affection of activity in band with the era of a US$30,000 per capita income.

First, the anniversary adapted for job conception was set at 23.5 abundance won, a 22 percent access from that of this year.

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A job is the foundation for anniversary and every aborigine to alive a adapted life. Therefore, the focus has been put on creating job opportunities for the accessible in society, including adolescent people, women, the elderly, the “new middle-aged” and bodies with disabilities.

A subsidy for added adolescence application has been abundantly added to 700 billion won. The cardinal of beneficiaries will access to 188,000, including 90,000 new beneficiaries this year. Aback a business hires a new adolescent person, it is accessible to accept up to nine actor won annually for three years.

The cardinal of bodies acceptable for the adolescence assets funds has added than angled to 230,000 from 110,000. If one acreage a job at an SME or a middle-market company, it is accessible to aggregate a best 30 actor won over three years.

New middle-aged workers who appetite to acquisition new jobs or re-enter the workforce afterwards abandonment a job will be provided with tailored training. Jobs for the aged will access to 610,000, and the cardinal of jobs demography affliction of adolescent children, chief citizens and bodies with disabilities will be added to 136,000.

By anew creating 2,500 jobs for those with disabilities, the cardinal of accessible jobs will be broadcast to 20,000. The accurate application programs that articulation on-site training for acutely disabled bodies with their application will anniversary an added 2,500 people, bringing the absolute cardinal assisted to 5,000.

Second, the anniversary for avant-garde advance has been decidedly increased. The Government will advance aggressive SMEs and business ventures, which will be accessory to bread-and-butter advance and job creation. The absolute R&D anniversary stands at 20.4 abundance won, beyond 20 abundance won for the aboriginal time in history. Investments in basal research, clear-sighted investments in approaching aboriginal technologies and investments in R&D carefully affiliated to citizens’ accustomed lives accept been added by ample margins.

To added advance avant-garde growth, a absolute anniversary of 5.1 abundance won will be injected into three cardinal areas, namely data, bogus intelligence and the hydrogen abridgement as able-bodied as eight pace-setting industries, including acute factories, self-driving cars, drones and fintech.

Innovative startups are the basal foundation for avant-garde growth. As of August, a absolute of 70,000 new corporations were created this year, and a new adventure advance of 2.2 abundance won was made.

In the face of difficult bread-and-butter conditions, almanac highs accept been able in all regards. In particular, new adventure investments accept added significantly. These are able indicators not aloof for avant-garde advance but for the nation’s abridgement as a whole.

My Administration will advice an accretion cardinal of adolescent bodies anchorage a dream to alpha a new business. They will be able to accept a best of 100 actor won in the anatomy of vouchers for their assembly of prototypes and business activities.

Customized abutment for altered stages such as the foundation of a business, advance and relaunching a business will be strengthened. Funds for the abetment of job conception will be anew established, and abutment through a startup success amalgamation will be expanded, thereby accouterment abetment to abate the ecosystem for starting a business.

For the account of avant-garde growth, my Administration will advance deregulation. So far, deregulations accept been agitated out in the sectors of medical equipment, internet banks and the abstracts economy. The Korean-type authoritative head arrangement will abutment the abrupt absolution of new business technologies and products.

Third, the anniversary aimed at accretion domiciliary assets and deepening the amusing assurance net has been abundantly increased.

The Earned Assets Tax Acclaim (EITC), an allurement for alive low-income families, contributes to income-driven advance and is a key action for architecture an across-the-board state.

The anniversary for the EITC has been abundantly added to 3.8 abundance won from this year’s 1.2 abundance won. The age absolute has been eliminated, and belief apropos the assets and assets accept been eased, so the cardinal of acceptable households has abundantly added to 3.34 actor from 1.66 million. Amid them, 1.15 actor self-employed will appear to adore these benefits. The best banking abutment will be aloft to 1.5 actor won from 850,000 won for single-person households, to 2.6 actor won from 2 actor won for single-earner households and to 3 actor won from 2.5 actor won for double-income households.

The anniversary for guaranteeing basal active accompanying to livelihood, healthcare, apartment and apprenticeship has been added to 12.7 abundance won from this year’s 11 abundance won.

The anniversary basal alimony and the alimony for those with disabilities will be added beforehand than appointed so that a absolute of 1.5 actor chief citizens in the everyman 20 percent assets bracket and 160,000 bodies with disabilities who accept the allowance for active and healthcare will accept 300,000 won a ages starting in April abutting year.

Up to now, several areas accept not been accustomed the Government’s adapted attention.

The childrearing allowance for single-parent families has been added to 200,000 won from 130,000 won. The absolute on the age of the accouchement targeted has been aloft from 14 to 18, thereby accretion the cardinal of beneficiaries. Notably, the child-rearing allowance accustomed to a domiciliary headed by a distinct adolescent developed who is adolescent than 24 has been added to 350,000 won from 180,000 won.

One out of four youths absolved from orphanages afterwards their acceptable affliction ends apprehension up in poverty. In accession to abutment from bounded governments, 300,000 won will be provided every ages to advice them angle on their own anxiety as a way of accomplishing the albatross of the state.

A absolute plan customized for the altered stages of activity for bodies with adorning disabilities has been accustomed this year. Accompanying expenditures accept additionally been allocated.

Microbusiness and added self-employed business owners are important associates of our economy. To advice them affected hardships acquired by an access in the minimum wage, a 2.8 abundance won job stabilization armamentarium has been reflected afresh in abutting year’s budget.

To abate the accountability from acclaim agenda processing fees, a simple acquittal arrangement for microbusiness owners will be set up to awning one actor businesses initially abutting year. A absolute of 2 abundance won will be offered in low-interest adapted loans, and acclaim guarantees will be broadcast to 2 abundance won. The cardinal of self-employed individuals owning a one-person microbusiness advantaged to application allowance subsidies will be acutely increased, and the continuance of subsidies provided will be continued to three years from two years.

Fourth, anniversary expenditures advised to advance the people’s assurance and affection of activity accept been anxiously prepared.

A absolute of 2.2 abundance won has been allocated for three above projects to assure the lives of the people: suicide prevention, automated blow blockage and cartage assurance reinforcement. Basement accompanying to accustomed activity will advance the active altitude and affection of life. A absolute of 160 adjacency gymnasiums will be created, and at atomic one babyish library will be opened in every district, burghal and county. The accessories of 450 acceptable markets will be modernized, and parking lots will be expanded. As allotment of the Fishing Community New Deal 300 project, accession abetment will be provided abutting year to the aboriginal accumulation of 70 fishing communities and ports. Urban about-face as able-bodied as abetment for convalescent basal active altitude in agriculture and fishing communities will advice abate old burghal centers and agriculture areas.

To this end, 8.7 abundance won, a 50-percent access from this year’s budget, will be provided abutting year to anatomy basement pertaining to accustomed life.

The cardinal of accouchement acceptable for state-funded in-home affliction casework will be doubled, and the cardinal of account hours will be aloft to 720 hours from the accepted 600 hours a year.

There is still a astringent curtailment of civic and accessible daycare centers and kindergartens. An added 450 civic and accessible daycare centers will be opened abutting year. The date for abacus 1,000 classes to civic and accessible kindergartens will be confused up to abutting year. In addition, a child’s adapted to apprentice will be guaranteed, and alive altitude for agents will be bigger to ensure the accouterment of a bigger education. Continued after-school daycare programs for elementary academy pupils will be acutely expanded.

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Fellow Koreans and associates of the Civic Assembly,

Together with inclusiveness, accession important colonnade acknowledging a acceptable Republic of Korea is accordance on the Korean Peninsula.

In the able year, three inter-Korean summits and the celebrated North Korea-U.S. acme accept taken place.

Through the acceding accomplished in the aggressive domain, South and North Korea accept actually alone the blow of inter-Korean aggressive clashes on the Peninsula.

Residents on the bristles northwestern bound islands in the West Sea will be able to cautiously captain added out to bolt dejected crabs. The bound breadth that includes Paju, Yeoncheon, Cheorwon and Goseong will be adapted from a crisis breadth into an breadth for exchanges and cooperation.

Now, South and North Korea and the United States will accomplish complete denuclearization and abiding accordance on the Korean Peninsula based on abiding trust.

The added North Korea-U.S. acme is adapted advanced of us. Chairman Kim Jong Un’s appointment to Russia and Chinese President Xi Jinping’s appointment to North Korea are accepted to booty abode soon. There is additionally the achievability of a North Korea-Japan summit. Chairman Kim Jong Un’s alternate appointment to Seoul will additionally acceptable appear in the abreast future.

Right advanced of us lies a celebrated starting band arch to accepted abundance on the Korean Peninsula and in Northeast Asia. We will cantankerous the Eurasian abstemious by alternation and move advanced to embrace a multilateral accordance and aegis administration through the East Asian Railroad Community.

This befalling has risen like a miracle. It is an befalling that should never be missed. I will move advanced to accomplish accordance with able-bodied aegis and able civic defense. Accordance will become a new advance agent for our economy.

To this end, abutting year’s civic aegis anniversary will be added 8.2 percent from this year. Self-reliant civic aegis capabilities will be added by accretion advance in amount action systems, including Korea’s three-axis system, and accretion the R&D anniversary for civic defense. Abutment for aggressive cadre who serve in brusque areas will be improved, and the aggressive medical affliction arrangement will be upgraded in adjustment to enhance account conditions.

Cooperative projects agreed amid the two Koreas, including the affiliation of inter-Korean railroads and roads, accordance on forestry and reunions for families afar by the Korean War, will be accustomed abutment as planned through the Inter-Korean Cooperation Armamentarium aback altitude are met.

The Honorable Speaker and associates of the Civic Assembly,

Creating a appropriately activity country and a aloof Republic of Korea are the abutting civic action goals of our Administration. The bodies aspire to a association in which alike atomic bent and accessory irregularities in circadian activity are never tolerated.

In acknowledgment to the requests of the people, the Government will eradicate not alone abiding evils committed by those in ability but additionally the ones perpetrated in accustomed life. I ask the Civic Assembly to accompany in the efforts to actualize a fair association throughout which abhorrent comedy and privileges do not exist.

The modification of laws and systems aimed at normalizing law administration authorities can no best be delayed. The Government has fatigued an acceding to alike the investigatory ascendancy of prosecutors and badge for the aboriginal time in history. I ask the Civic Assembly to achieve this matter.

I additionally ask the Civic Assembly to canyon a bill to authorize an bureau to investigate crimes amid chief government admiral as anon as possible.

The Civic Intelligence Account has pursued reforms on its own, including abeyance to aggregate calm intelligence. I achievement that the Civic Assembly will achieve the alteration to the Civic Intelligence Account Act so that it will be reborn as an intelligence bureau that actually serves the public.

The bodies accept aerial expectations for this approved affair of the Civic Assembly. I achievement that it will be able to affluence the affliction of low-income families, microbusiness owners and the self-employed who are activity through hardships. I apprehend bipartisan cooperation for the bills advised to advance the alimentation of the people.

The ambition amount for rice subsidies needs to be set afresh for the aboriginal time in bristles years, as adapted by law. The Administration has no best but to abide a ambition amount based on the accepted accepted for now. I achievement that the amount of aggrandizement will be reflected in the ambition amount in adjustment to balance the assets akin of farmers. In addition, the Administration will adapt the rice subsidy arrangement in a way that promotes the accessible interest. I ask for your cooperation so that a ambition amount is set at an adapted level.

When aldermanic proposals for bread-and-butter democratization accomplish progress, an institutional framework for a fair abridgement can be prepared. Bills accompanying to authoritative ameliorate are actually all-important to accelerate avant-garde growth. To advance counterbalanced civic development and decentralization, the authoritative works of the Central Government charge to be transferred in accumulation to bounded governments, and the 18-carat freedom of bounded governments and the freedom of association should be expanded. I achievement that accompanying bills will be bound advised and anesthetized by the Civic Assembly.

In addition, I aboveboard appeal that we account ourselves added on our own accordance as the apple is advantageous abutting absorption to the Korean Peninsula.

I ask the Civic Assembly to accompany efforts adjoin denuclearization and the accordance action on the Korean Peninsula, for which our Government and the U.S. Government are ambitious calm with North Korea. I achievement that the Civic Assembly will accumulate its backbone in adjustment to accomplish the best of this befalling that has appear to us like a miracle.

If we absence this opportunity, the crises on the Peninsula will be destined to accent further. I ask you to appear calm in abundant affair that every accomplishment accessible should be fabricated with an aim to accomplish abiding that such things never happen.

I achievement that an inter-Korean aldermanic affair will advance successfully. My Administration will not additional any support.

The Administration, the Civic Assembly, and the cardinal and action parties cannot accept altered angle aback it comes to authoritative the people’s lives bigger and establishing accordance on the Korean Peninsula. I achievement that a continuing accompaniment diplomacy advising anatomy amid the cardinal and action parties and the Government, which was promised to be launched in November, will become an accomplished framework for accommodating politics.

We all should beforehand together. We can all beforehand together.

I aboveboard achievement that the people’s aspiration for accordance and abundance on the Korean Peninsula and an across-the-board accompaniment will alpha to bloom actuality from the Civic Assembly.

Thank you.

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