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Gov't to offer discounts to boost spending ahead of Seollal
koreajoongangdaily_joins16d ago

Gov't to offer discounts to boost spending ahead of Seollal

People shop at a traditional market in Seoul on Jan. 27, ahead of the Lunar New Year holiday. [YONHAP] The government on Tuesday unveiled a broad package of measures to curb prices and spur spending ahead of the Seollal holiday, pledging deep discounts on staple foods and expanded support for households and small businesses. Key seasonal items such as mackerel will be supplied at discounts of up to 50 percent, along with other measures to spur spending during the holiday period, including toll-free expressways to encourage travel. Related Article‘Hitman2’ takes out the competition at Korean box office during Seollal holidayTrendy Seollal gift sets combine traditional Korean elegance with a modern flare Your Seollal schedule: A full moon of sports to catch this Lunar New Year Deputy Prime Minister and Finance Minister Koo Yun-cheol presented the plan to President Lee Jae Myung at a Cabinet meeting at the presidential office on the same day. Officials said the measures aim to ease inflation pressures on working families and reduce costs for merchants and vulnerable groups during the holiday period. The government will first ensure an ample supply of 16 key seasonal items and tighten price monitoring. Discount support for major holiday necessities will be expanded, while 2.24 million fresh eggs will be imported and supplied to the market before Seollal. New tariff-rate quotas will also be applied to imported items with high price volatility, such as mackerel, bananas, pineapples and mangoes. To promote traditional markets and encourage spending, the government will significantly expand its gift certificate rebate events. The number of markets eligible for rebates on agricultural, livestock and fisheries products will be increased to 200, and the number of markets eligible for seafood rebates will also be expanded to 200. Minister of Economy and Finance Koo Yun-cheol attends a Cabinet meeting at the Blue House on Jan. 27. [YONHAP] The government will also step up efforts to crack down on price gouging and accelerate investigations into alleged collusion involving sugar, flour, eggs and starch syrup. The measures also include financing support. The government will provide 39.3 trillion won ($27.2 billion) in holiday funding for small businesses and small- and medium-sized companies and expand loan guarantees to 58 trillion won. About 5 billion won will also be provided to support merchants in traditional markets for holiday necessities. For low-income and vulnerable groups, as well as young people, the government will supply 1.1 trillion won in financial support before Seollal, while around 1.6 trillion won in benefits, including livelihood assistance, will be paid early around Feb. 13. Steps to boost domestic demand will also be pushed. With the Seollal holiday running five days including the weekend, expressway tolls will be waived. The government will provide 400,000 won in vacation support to 50,000 workers in January and February, with up to an additional 50,000 won during the Seollal period to encourage tourism spending. It will also strengthen marketing for inbound tourism products around China’s Spring Festival holiday and extend the “Korea Grand Sale” through Feb. 20. “We will strengthen the 24-hour situation management system and conduct special safety inspections in areas such as fire prevention so that people can enjoy a safe and comfortable Seollal holiday,” Koo said. “We will do everything we can to stabilize prices and help restore livelihoods.” This article was originally written in Korean and translated by a bilingual reporter with the help of generative AI tools. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom.BY JEONG JAE-HONG [kim.minyoung5@joongang.co.kr]

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The best Apple Watch accessories for 2026
engadget16d ago

The best Apple Watch accessories for 2026

The right accessories can transform your Apple Watch into the best workout companion, a stylish timepiece and everything in between. Whether you’re looking to upgrade its style, recharge its battery quickly or make it even more convenient to use on the go, there’s an accessory out there that can help. From a stylish sport loop that keeps things comfortable during workouts to a sturdy charging stand for your bedside, there are plenty of ways to enhance your experience.Apple has a few Watches at this point: the flagship model, the Ultra 2 and the Watch SE, and you can find accessories for any and all of them — many of which won’t break the bank. If you’re always on the go, a power bank with wireless charging can help keep your watch topped up without needing to hunt for an outlet. No matter which Apple Watch you own, the best accessories can make daily use more seamless and add a little extra style and functionality along the way. Best Apple Watch accessories for 2026 This article originally appeared on Engadget at https://www.engadget.com/computing/accessories/best-apple-watch-accessories-133025270.html?src=rss

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India needs $145 billion per year to fund energy transition: WoodMac
business-standard16d ago

India needs $145 billion per year to fund energy transition: WoodMac

India will need to mobilise average annual investments of about USD 145 billion in its energy sector to bridge the gap between sustained economic growth and its net-zero ambitions, Wood Mackenzie said on Tuesday, outlining a critical pathway to maintain around 6 per cent GDP growth through 2035 while advancing the energy transition.Speaking at India Energy Week 2026, Joshua Ngu, Vice Chairman, Asia Pacific at Wood Mackenzie, said capital deployment must be strategically focused on power generation, energy storage and urgent grid modernisation to support India's expanding economy and decarbonisation goals."India's next decade is decisive," Ngu said. "The challenge is a dual mandate: India must de-risk its immediate energy security while simultaneously building the low-carbon architecture required to support a top-tier global economy. Today's investment choices will determine whether the country locks in carbon-intensive infrastructure or leads the world in low-carbon ...

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Federal Reserve Meeting Looms: Dollar Holds Steady While Euro Faces Critical Decline
bitcoinworld16d ago

Federal Reserve Meeting Looms: Dollar Holds Steady While Euro Faces Critical Decline

BitcoinWorldFederal Reserve Meeting Looms: Dollar Holds Steady While Euro Faces Critical DeclineGlobal financial markets entered a state of cautious anticipation on Monday, March 10, 2025, as the US dollar demonstrated remarkable stability ahead of the Federal Reserve’s pivotal policy meeting. Meanwhile, the euro experienced measurable downward pressure, reflecting growing concerns about the European economic outlook. Currency traders worldwide closely monitored these developments, recognizing their potential implications [...]This post Federal Reserve Meeting Looms: Dollar Holds Steady While Euro Faces Critical Decline first appeared on BitcoinWorld.

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