President addresses livelihood concerns as local elections near
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President Lee Jae Myung, together with his chief of staff for policy Kim Yong-beom, is intensively addressing social and economic issues associated with strain on public livelihood, in what is seen as an effort to shape public opinion ahead of the June 3 local elections. The issues span higher borrowing rates tied to lower credit ratings — a burden that falls disproportionately on lower-income households — as well as phone scams and illegal private lending that tend to victimize the same groups.
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