The labor minister said yesterday, the South Korean government will consider designating two temporary holidays in May this year to create a nine-day ‘golden’ holiday week in an effort to boost domestic consumption critical for economic growth.
Labor minister Lee Ki-kwon released the plan, saying the government could designate May 2 and 4 as temporary holidays to bridge Labor Day (May 1), Buddha`s Birthday (May 3) and Children`s Day (May 5) holidays. This plan would allow people to take up to nine days off in a row from late April.
Last year, the government designated May 6 as a temporary holiday to create a four-day weekend, while introducing various measures to encourage spending. Sales at department stores grew 16 percent in the period from a year ago with a 70 percent rise in ancient palace visits and 9 percent in traffic volume.