President Moon: "The Novel Coronavirus Deals an Unexpected Blow to the Recovering Economy"

Cheongwadae Senior Secretary and Secretary Meeting "We Will Definitely Overcome the Difficulties Affecting Our Economy"... Urging Frontline Public Officials for Active Administration

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in pointed out on the afternoon of the 10th at the Blue House senior secretaries and aides meeting that "the novel coronavirus is delivering an unexpected blow to the recovering economy, causing great difficulties in exports, tourism, production, and consumption."

President Moon stated, "However, we cannot just wait for the disease to subside. The government, businesses, and laborers are joining forces through win-win cooperation to overcome this sudden crisis," and explained, "The government and companies are actively cooperating on the ground to resume early operations at component factories in China where work has been halted, and workers are willingly accepting the special extended working hours that the government is swiftly approving."

[Image source=Yonhap News]

President Moon said, "We will definitely overcome the difficulties impacting the economy," and pledged, "The government will mobilize all available resources to support. Customized support measures will be prepared by industry, company, and region, and the pace of financial support for small and medium-sized merchants will be accelerated."

President Moon urged, "For the measures to work well on the ground, proactive administration by frontline public officials is absolutely necessary. I hope all ministries will encourage, exempt from liability, and even compensate public officials for proactive administration under the responsibility of their ministers, establishing this as a principle."

President Moon warned, "Public institutions should also do their best to realize the social value of overcoming infectious diseases. We must keep in mind the fact that 'we are all each other's social safety net.'"

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