Hong Nam-ki “Considering special measures to recover domestic demand, we will publish next year’s economic policy in December”



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Namki Hong "The consideration of special measures to recover domestic demand will publish next year's economic policy in December"

▲ Hong Nam-ki, Deputy Prime Minister of Economy and Ministry of Strategy and Finance, speaks at the meeting of “Heads of Research Institutes and Investment Banking Experts” held at the Seoul government complex in Jongno-gu on 27.

Deputy Prime Minister Hong Nam-ki and the Minister of Strategy and Finance have announced that they are considering special measures to quickly restore the viability of the domestic economy in relation to the direction of economic policy next year.


On the 27th, Deputy Prime Minister Hong Nam-ki held a “ meeting of the head of the research institute and investment banks ” at the Seoul government complex and presented the 2021 economic policy direction that the Ministry of strategy and finance is preparing.


At this meeting, Deputy Prime Minister Hong said: “We are considering special measures to quickly regain vitality in the domestic economy in a situation where we need to find a balance between quarantine and economy.” To this end, the relevant ministries are carefully examining it, “he said.


He cited four key words for economic policy direction in 2021: economic recovery, structural reforms, strengthening inclusion and preparing for the future, and also mentioned the implementation plan to make these four key words come true.


I thought that special measures were needed for the domestic economy to recover the economy.


Deputy Prime Minister Hong said: “As a top priority, we are contemplating focusing on policy responses to fully overcome the Crown crisis 19 to create some momentum for economic recovery in the near future.”


He stressed that the Korean version of the New Deal should be authorized in order to reform the structure and strengthen inclusion.


Deputy Prime Minister Hong said: “It is desperate to raise the inclusiveness of our economy and society to the next level, such as building a tight employment and social security network for those struggling during the crown crisis and the reform process. structural”.


“While digitalization is not face to face and the transition to a green, low-carbon economy accelerates after Corona, the pace of adaptation will determine the nation’s growth capacity and competitiveness.” He said: “We have to increase the driving force by concretely implementing next year’s tasks so that we can make progress.”


I thought it was necessary to find new growth engines and prepare for an aging society to prepare for the future.


Deputy Prime Minister Hong said: “We must find future growth engines by intensively promoting system semiconductors, autonomous vehicles and biotechnology, etc.” It is necessary to develop policies such as the response to regional extinction and the regeneration of the regional economy, alleviating the burden and increasing adaptability to older society “.


The meeting was attended by Jeongpyo Choi, president of the Korea Development Institute, Sangho Sangho, president of the Korea Financial Research Institute, Kim Heungjong, director of the Institute for Foreign Economic Policy, Kyusik Bae, president of the Korea Labor Institute, Kiseok Song, head by Merrill Lynch, BofA, JP Morgan Headquarters Park Seokgil and Jonghoon Park, the bank’s first executive president. [비즈니스포스트 조충희 기자]

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