South Korea’s government said on Friday that it would remove tariffs on seven additional food items and roll out financial aid to low-income households to counter rising inflation.
Tariffs will be removed on 100,000 tonnes of imported beef, 82,500 tonnes of imported chicken, powdered milk, coffee beans, green onions, and ethanol materials. The government will also raise the tariff-free quota for pork imports.
These are in addition to the 26 imported items already subjected to zero tariffs, including cooking oil and liquefied natural gas, which will cost 329 billion won ($252.9 million) in total, Yonhap News Agency reported.
President Yoon Suk-yeol presided over the first emergency economic and public livelihood meeting on Friday, at which he pledged to channel an additional 480 billion won ($370 million) in financial assistance for low-income households….