Prime Minister Jeong Sye-kyun's Inauguration: "We Will Create a Business-Friendly Environment to Boost Economic Vitality"

Introducing Post-Regulation for 'Bold Regulatory Reform'

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] Jeong Seyeon, the newly appointed Prime Minister, held an inauguration ceremony at the Government Seoul Office on the 14th and said, "We will create a business-friendly environment to boost economic vitality."

In his inaugural speech, Prime Minister Jeong stated, "The power to revive the economy comes from businesses," and added, "The government will innovate first so that companies do not settle for the status quo but take on new challenges." He continued, "Through bold regulatory reforms such as introducing ex-post regulations for new industries, we will reduce uncertainty and dedicate the government's efforts to fostering entrepreneurship."

He also announced plans to strengthen support for small and medium-sized enterprises and small business owners. He emphasized, "We will demonstrate the wisdom that the economic power rising from the bottom leads overall growth," and added, "We will revive the livelihood economy so that the public can feel the improvement beyond just statistical economic recovery."

Prime Minister Jeong pledged to achieve cooperative governance. He said, "In a diversified society, the government, market, and civil society must complement each other's shortcomings and promote balanced development," and promised, "We will listen to public opinions on contentious issues and go beyond communication with the National Assembly to achieve practical cooperation."

Furthermore, he urged public officials, saying, "Let me innovate first, communicate first, and take proactive administration first." He mentioned, "We must create tangible changes that all citizens can feel," and added, "Starting with myself, I will sacrifice and dedicate myself with the resolve that this is my final service to the Republic of Korea."

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