President Moon: "Last year's response to Japan's export restrictions by economic ministries was the most meaningful"

On the 17th, Economic Ministries Including the Ministry of Economy and Finance Reported at Cheongwadae... "Confidence in Self-Reliance of Materials, Parts, and Equipment"

[Image source=Yonhap News]

[Asia Economy Reporter Ryu Jeong-min] On the afternoon of the 17th, President Moon Jae-in, during the New Year's work report broadcast live on TV for the Ministry of Economy and Finance, Ministry of Trade, Industry and Energy, Ministry of SMEs and Startups, and Financial Services Commission, stated, "The most meaningful activity of the economic departments last year was the response to Japan's export restrictions," and evaluated, "The government, companies, and citizens, public and private sectors united as one, overcoming difficulties without a single production disruption."

President Moon said, "We reduced dependence on Japan for the three major items and gained confidence in the self-reliance of materials, parts, and equipment," adding, "It became a good example of turning a crisis into an opportunity."

President Moon added, "While I am pleased with the results, I value the process even more," and said, "The experience of win-win cooperation between large and small businesses, demand and supply companies, and cross-ministerial collaboration will serve as a valuable lesson for us to solve similar problems in the future."

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