Kim Young-ran Law May be Altered in March


The amount of the food allowance in the Kim Young-ran law may be altered from March in order to help domestic demand.

Currently, the “3-5-10” law allows 30,000 won for food, 50,000 for gifts and 100,000 won for congratulatory speeches. However, the government is looking to change the law to “5-5–10”, which would increase the food law to 50,000 won.

The proposed alternation to the law is a welcome sign to food and restaurant businesses who have been struggling since the law was enacted last year.

If passed, it’s expected to be revised by March at the earliest.



HQ bar