It will mark a great increase from the 100,000 to 200,000 won a month currently offered to the elderly in the lower 70 percent of the income bracket.

The ratio of recipients will be maintained at the current level as the Democratic Party withdrew its earlier revision to offer the monthly benefits to everyone who meets the age requirement.

Speaking Tuesday to a group of elder citizens and his supporters in the southwestern city of Jeonju, Moon said the monthly allowances will be offered to all elders.

The liberal candidate's nine-point policy pledge for the elderly included additional jobs with increased wages for the elderly.

Moon said he will double the monthly wage for public jobs reserved for the elderly as part of a social welfare program to 400,000 won a month from the current 200,000 won.

The presidential front-runner earlier said he would double the number of such jobs to 800,000 from the current 430,000.

Moon said his government will also enhance health care for the growing elderly population who are expected to account for 14 percent of the country's 51 million population at the end of this year.

Currently, about 700,000, or one in every 10, people aged 65 years or older suffer from dementia, he noted.

Moon promised to extend health care benefits to those suffering from the disorder and also put a ceiling on out-of-pocket payments, which he said will greatly reduce the cost of patients and their families.

The government will also lower the personal cost of dentures and dental implants for the elderly by nearly half, Moon said.

For those who live in remote or rural areas without easy access to public transportation, the presidential hopeful promised to introduce new government-backed taxi services that will charge the elderly only 100 won, or about 10 cents, per trip. (Yonhap)