One: Support the recovery of people’s livelihoods 1-1. Achieve price and people’s livelihoods stability - Make a concerted and continuing effort across ministries to achieve early stabilization of a 2% inflation rate. - Reduce burdens of essential expenses closely linked to people’s daily lives including education, healthcare, finance, and payment of taxes. - Stabilize the rental housing market by responding to the risks and enhance housing support for people and the vulnerable. 1-2. Support small businesses and vulnerable social groups - Reduce the three major burdens on small businesses, along with the support for their sales recovery and enhancing competitiveness. - Strengthen tailored support for vulnerable social groups such as the elderly, disabled, and low-income people and shore up support to provide more job opportunities for older adults. 1-3. Accelerate export rebound and domestic consumption -Increase financial and tax incentives to stimulate domestic consumption, focusing on boosting eco-friendly consumption such as replacing old vehicles and adopting high-efficiency devices. -Promote inbound tourism by improving visa systems and enhancing foreign travelers’ convenience, particularly in transportation, payment systems and duty-free shopping. -Enhance support for attracting the largest-scale foreign investment ever ($35 billion) and boost companies’ reshoring by raising the upper limit of subsidies. -Assist in reaching a $700 billion export target and a $57 billion overseas construction contracts target for 2024. -Underpin early investment rebound through special support in taxation, financing, and addressing obstacles. 1-4. Revitalize local economies and the construction industry - Create four major special purpose zones for job, education, urban innovation, and culture as well as designate three more global innovation zones - Push forward the ‘three key projects for reviving shrinking cities’ - Expand incentives for homeownership and property transactions - Build tourism infrastructure to attract visitors. - Promote the influx of foreigners and developing strategies - Step up all-encompassing support measures to facilitate regional-centric construction investment. Two. Manage potential risks 2-1. Pursue a soft landing of real estate PF - Promote a soft landing of real estate project financing (PF) by proactively injecting liquidity into the market including a prompt execution of a liquidity supply program worth 85 trillion won. - Address obstacles PF businesses face and drive the restructuring of underperforming PF projects. - Conduct fundamental institutional reforms to prevent the recurrence of real estate PF liquidity crisis. - Promptly develop follow-up measures for legislation tasks for stabilizing the real estate market in the first half of 2024. 2-2. manage household debts - Keep the annual growth rate of household debt within the nominal growth rate and strive to keep it within 100% of GDP by 2027. - Raise the proportion of fixed-rate loans for mortgage loans to around 50% by 2027. 2-3. Secure supply chains stability - Establish pan-governmental response systems based on the Framework Act on Supply Chain as well as launch and utilize the supply chains stabilization fund. - Raise financial, tax and fiscal incentives to diversify supply chains. - Expand a stockpile of key raw materials while diversifying stockpiling methods aiming to secure resource security. 2-4. Maintain financial stability and fiscal consolidation - Strive to stabilize financial and foreign exchange (FX) markets. - Adjust the issuance volume and timing of blue-chip bonds - Implement the Improvement Measures for FX Market Structure - Provide tailored support for marginal companies. - Supervise financial institutions such as commercial banks, mutual finance and savings banks to maintain their soundness.