Hong Nam-ki "Inevitable Real Economy Impact from COVID-19... Preparing Emergency Support Measures"

[Image source=Yonhap News]

[Asia Economy Reporter Kim Eun-byeol] Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki stated regarding the coronavirus disease (COVID-19), "Some impact on the real economy is inevitable," and added, "We will do our best to minimize the ripple effects."

On the 14th, at the 'Macroeconomic and Financial Meeting' held at the Bankers' Hall in Jung-gu, Seoul, Deputy Prime Minister Hong said, "We will continuously prepare emergency support measures to alleviate the difficulties faced by affected industries and companies, even if only slightly."

He also added, "Along with managing risk factors such as financial market stability, we will respond comprehensively to ensure that this year's economic rebound momentum is maintained."

Deputy Prime Minister Hong emphasized that excessive fear and anxiety have significantly dampened economic consumption sentiment, urging, "We ask the public to engage in normal economic and consumption activities."

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