Kim Yong-beom, Vice Minister, "We Must Make Every Effort to Maintain the Momentum of Economic Recovery"

Kim Yong-beom, Vice Minister of Strategy and Finance, is speaking at the 'Expanded Macroeconomic Financial Meeting' held at the Government Seoul Office Building on the 7th.

[Asia Economy Reporter Kwangho Lee] Kim Yong-beom, First Vice Minister of the Ministry of Strategy and Finance, said on the 7th, "Although the situation is difficult due to the novel coronavirus, we must make every effort to maintain the momentum of domestic economic recovery."

On the same day, Vice Minister Kim presided over the 'Expanded Macroeconomic and Financial Meeting on the Novel Coronavirus Infection (Wuhan Pneumonia)' held at the Government Seoul Office and stated, "We will ensure the execution of the planned 100 trillion won in private, private investment, and public investment, tax support related to investment and consumption, and 479 trillion won in policy finance."

Vice Minister Kim urged, "Related ministries and agencies should organically and comprehensively cooperate to devise diverse and effective measures to support affected industries."

He added, "The Ministry of Strategy and Finance recently announced tax support measures including national tax, local tax, and customs in cooperation with related ministries, and decided on policies to provide paid leave and living support expenses for hospitalized and quarantined patients, mobilizing all available means to respond."

Vice Minister Kim also mentioned, "On the 5th, a prohibition notice on hoarding related to masks and hand sanitizers was issued, and export procedures were changed to prevent large-scale overseas shipments," adding, "Since emergency supply and demand adjustment measures will be activated soon, related ministries should closely cooperate and focus their capabilities on reinforcing on-site inspections if necessary."

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