[Newsmaker] Gyeonggi governor pledges to distribute universal basic income if elected president

Gyeonggi Gov. Lee Jae-myung announces his presidential campaign pledge to provide basic income to all citizens during a press conference at the National Assembly in Seoul on Thursday. (Yonhap) Gyeonggi Province Gov. Lee Jae-myung, the front-running presidential contender for the ruling Democratic Party, made a campaign pledge Thursday to distribute universal basic income of up to 2 million won ($1,736) per year to all citizens.

"Within the (five-year) term of the next administration, (I) will provide 2 million won in basic income to each young person every year and 1 million won each to the rest of the citizens" Lee […]

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