Government Aims for 57% Achievement of Economic Policy Implementation Across All Ministries in the First Half of the Year

100 Trillion KRW Investment in Three Major Sectors: Private, Private Investment, and Public
Accelerating Consumer Activation, Expansionary Fiscal Management, and Export Recovery Support

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] The government plans to achieve 57% of its economic policies in the first half of this year.

According to the Ministry of Economy and Finance on the 4th, there are 333 detailed tasks in this year's economic policy direction. Accordingly, all ministries have set goals to achieve 101 tasks in the first quarter and 86 tasks in the second quarter.

Earlier, Kim Yongbeom, the 1st Vice Minister of the Ministry of Economy and Finance, stated, "Although no specific targets were mentioned, the ministries planned it themselves," adding, "It is encouraging that not only the budget but also detailed implementation plans are prepared for the first half of the year."

The economic policy direction for next year, announced by the government on December 19 last year, focused on investment. First, it set a goal of 100 trillion won in investment across three major sectors: private, private investment, and public, aiming to discover various projects, actively support, and execute them.

An official from the Ministry of Economy and Finance said, "The private investment and public sectors will be concretized soon," and added, "For the private sector, it will be divided into six phases in the second half of this year and six phases in the first half of next year."

In the private sector, large-scale corporate investment projects will be promoted in four phases next year with a budget of 10 trillion won, while additional projects aiming for 15 trillion won will be discovered.

Corporate investment projects refer to the government's efforts to prevent delays in large-scale corporate investments due to regulations and administrative procedures by preparing institutional improvement measures or resolving causes of administrative delays.

Furthermore, the government plans to accelerate efforts to revitalize consumption, operate expansionary fiscal policies, and support export recovery to quickly return the Korean economy, which has deviated from its normal trajectory, back to its proper course.

This content was produced with the assistance of AI translation services.