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▶ Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Strategy and Finance, speaks at a conference with heads of research institutes and investment banking experts held at the Seoul Government Complex in Jongno-gu, Seoul on 27.
Regarding the direction of economic policy for next year, Hong Nam-ki, Deputy Prime Minister of Economy and Ministry of Strategy and Finance, said: “We are considering special measures to quickly restore the viability of the economy. national in a situation in which we must find a balance between quarantine and economy “.
Deputy Prime Minister Hong said in a remark to both the heads of research institutes and investment banking experts held at the government building on the 27th, “First of all, in order to create a decisive momentum of economic recovery in short. time, we respond to policies to completely overcome the corona crisis (new coronavirus infection) “I’m thinking about it,” he said.
The meeting was held to gather expert views on the direction of economic policy for next year to be announced next month, and internal and external economic conditions, economic outlook for next year and key political activities were discussed. .
During the meeting, President Jeong-pyo Choi, president of the Korea Development Institute (KDI), Heung-jong Kim, president of the Institute for Foreign Economic Policy (KIEP), Sang-ho Sang-ho, president of the Institute of finance, Kyu-Sik Bae, president of the Korea Labor Institute, and Ki-Seok Song, head of BofA Merrill Lynch headquarters, JP Morgan’s headquarters, and investment banking experts attended.
Deputy Prime Minister Hong said on the economic situation this year: “It is a shame that the number of confirmed patients has recently increased again as the government struggled to overcome the Corona 19 crisis and recover the economy.” .
He continued: “According to the spread and control of Corona 19, contraction and recovery are repeated and, consequently, employment shocks and blows to the weakest are also repeated and the difficulties continue”. He diagnosed a liver dissociation. “
▶ Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Strategy and Finance, speaks at a conference with heads of research institutes and investment banking experts held at the Seoul Government Complex in Jongno-gu, Seoul on 27.
Regarding next year’s economic conditions and prospects, Deputy Prime Minister Hong said: “2021 is a golden period to create a return to the pre-crisis economic level and a rebound beyond the crisis, and to enter in a leading economy “. It will be an important scale for establishing the direction of economic policy “.
He said: “Currently, with the aim of an announcement in the middle of next month, an in-depth review is underway among relevant ministries in relation to the direction of next year’s economic policy.” “The four are keywords.”
Deputy Prime Minister Hong pledged to accelerate the response to restructuring and strengthening inclusiveness in order to take the growth path of the Korean economy to the next level.
He said: “While digitalization is not face to face and the transition to a green, low-carbon economy accelerates after Corona, the pace of adaptation determines the nation’s growth capacity and competitiveness,” he said. “Employment for those struggling during the crown crisis and structural reform · It is also desperate to raise the inclusiveness of our economy and society to the next level, such as building a dense social safety net.”
Finally, Deputy Prime Minister Hong said: “Preventive efforts need to be made to prepare for the future to ensure future growth engines and to respond to structural changes such as populations, families and regions,” he said. “After next year, the strength of the Korean economy’s recovery momentum and major risk factors” We ask for insightful views on the medium- and long-term paradigm shift and policy responses the government needs to take, “he added.
▶ Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Strategy and Finance, speaks at a conference with heads of research institutes and investment banking experts held at the Seoul Government Complex in Jongno-gu, Seoul on 27.
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