Kim Young-ran Law May be Altered in March

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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.

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