Hong Nam-ki: "Last Year Was a Year of Job Recovery... Very Encouraging" (Update)

Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, is delivering opening remarks at the 1st Innovation Growth Strategy Meeting held on the 15th at the video conference room of the Government Seoul Office in Jongno-gu, Seoul. The meeting discussed policy directions and key tasks for innovation in the bio industry, improvement plans for core regulations in biohealth, and public sector strategies to realize social value. Photo by Moon Ho-nam munonam@

[Asia Economy Reporter Joo Sang-don] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, evaluated on the 15th that "last year was a 'year of job rebound' showing a significant recovery in both quantity and quality."

Deputy Prime Minister Hong stated this during his opening remarks at the Innovation Growth Strategy Meeting held at the Government Seoul Office, saying, "Employment indicators throughout last year showed a stronger recovery trend toward the end of the year."

Last year, the number of employed persons increased by 301,000 from the previous year to 27,123,000, showing a much larger increase compared to 2018, which had the worst level with an increase of 97,000.

He said, "The government will concentrate all policy capabilities to ensure that the employment improvement trend from last year continues this year, while also making every effort to improve vulnerable sectors such as manufacturing and people in their 40s."

Meanwhile, the meeting discussed and reviewed ▲ Innovation policy directions and key tasks for the bio industry ▲ Improvement plans for core regulations in biohealth ▲ Public sector strategies to realize social value ▲ Follow-up plans for the economic sector from the 2020 Presidential New Year's address.

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