2024-08-07 10:23:43
The government ruling party has decided to support the completion of refunds for general products this week in relation to the delayed settlement of Timon and WeMakePrice (T-MakePrice). In addition, in order to prevent a recurrence of the situation, it has decided to introduce a settlement deadline for e-commerce companies and make it mandatory to separate sales prices.
The People Power Party and the government held a party-government consultation on the T-MEP incident on the 6th and discussed measures to prevent recurrence and provide support. The meeting was attended by party leader Han Dong-hoon, floor leader Choo Kyung-ho, policy committee chairman Kim Sang-hoon, and relevant standing committee secretaries from the party, and by government officials including Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Governor Lee Bok-hyun.
After concluding the ruling and opposition party consultations that day, Vice Chairman of the Policy Committee Kim Sang-hoon announced in a briefing that “in order to provide relief to consumers, we have decided to support refunds for general products to be completed within this week through credit card companies and PG companies (electronic payment processing agencies).”
He continued, “For the affected companies, we will provide emergency liquidity, including 200 billion won in emergency management stabilization funds and 300 billion won in new financial resources. In addition, in the event of wage arrears, we will also consider providing advance payment and living expenses loans.”
The party requested the government to expedite the execution of funds so that the affected companies can receive support as soon as possible. The government decided to actively accept this. Chairman Kim said, “We are preparing so that the emergency management stabilization fund can be released within this week.” In addition, the party requested that the government review whether there is room for additional interest rate cuts in addition to the emergency liquidity support prepared by the government and whether the limit per company can be expanded.
The government and ruling party agreed that fundamental institutional reform in the e-commerce sector is urgent to prevent the recurrence of settlement delays like this incident. Accordingly, they decided to introduce a shortened settlement period for PG companies and establish a new obligation to manage sales proceeds separately. They also announced that they would strengthen management and supervision of PG companies.
Chairman Kim said, “Considering the urgency of the situation, the party requested the government to quickly come up with a plan for institutional improvement.” Accordingly, the government decided to come up with a comprehensive plan that includes a plan for institutional improvement.
Meanwhile, the government and ruling party stated regarding the previous day’s plunge in the KOSPI and KOSDAQ indices, “We are viewing this as a situation caused by an overseas shock to the stock market.”
Chairman Kim explained, “While the exchange rate is stable, only the stock market is being affected,” and “We believe that the slowdown in the U.S. economy, the declining performance of big tech companies, and the continued outflow of funds from the U.S. market due to the Bank of Japan’s interest rate hike have affected the domestic stock market.”
He added, “The government is predicting that stability will be restored despite negative factors such as the Middle East crisis,” and “The government’s position is that the abolition of the gold investment tax is an urgent task for us, and we will take measures to further strengthen the demand base for our stock market.”
Reporter Kim Hye-rin, Donga.com [email protected]
-
- great
- 0dog
-
- I’m so sad
- 0dog
-
- I’m angry
- 0dog
-
- I recommend it
- dog
Hot news right now
2024-08-07 10:23:43