President Moon: "Large corporations are doing so well that there is little to request"

Economic Meeting for COVID-19 Response... "Financial Services Commission Chairman's Commitment Must Reach Bank Counters"

[Asia Economy Reporters Ryu Jeong-min and Son Seon-hee] On the 13th, President Moon Jae-in spoke at the 'Economic Sector Response to COVID-19' meeting held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, saying, "For parts of the ministers' responses that were insufficient, related ministries will review them. We will also do our best to ensure they are reflected promptly," according to Kang Min-seok, the Blue House spokesperson.

In particular, Spokesperson Kang explained, "President Moon said regarding large corporations, 'There is not much to request. They are doing very well.'"

President Moon emphasized, "To manage a stable supply chain for parts and materials, diversification and localization are necessary," adding, "Efforts are also needed to attract companies that have expanded overseas back to the domestic market." He cited LG's attempt to build a secondary battery materials factory in China as an example.

[Image source=Yonhap News]

Spokesperson Kang said, "Although China offered very favorable conditions, Gumi in our country proposed equally exceptional terms, leading to the decision to locate there," citing this as an example. He mentioned that this became an opportunity for battery-related industries to gather again in Gumi. This was in the context of emphasizing the use of regional win-win job models.

Regarding business leaders' requests for proactive administration, President Moon explained to them, "The Board of Audit and Inspection has already announced measures to not only exempt public officials from liability but also reward them for proactive administration." He also informed them about the existence of a pre-consultation system and urged economic ministries to actively utilize it.

Concerning business leaders' proposals for active financial support, President Moon said, "The Financial Services Commission chairman's determination must also be reflected at bank counters." Financial Services Commission Chairman Eun Sung-soo was also present at the economic sector meeting that day.

Meanwhile, President Moon emphasized, "Although it is a new infectious disease, we have been too withdrawn so far. A psychological turnaround is necessary."

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