Koo Yoon-chul, 2nd Vice Minister of the Ministry of Economy and Finance, is delivering a welcoming speech at the 2020 Special Safety Inspection Meeting for Public Institutions held at the Government Seoul Office in Jongno-gu, Seoul on the 17th. Photo by Moon Ho-nam munonam@

Koo Yoon-chul, 2nd Vice Minister of the Ministry of Economy and Finance, is delivering a welcoming speech at the 2020 Special Safety Inspection Meeting for Public Institutions held at the Government Seoul Office in Jongno-gu, Seoul on the 17th. Photo by Moon Ho-nam munonam@

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[Asia Economy Reporter Kwangho Lee] Koo Yoon-cheol, the 2nd Vice Minister of the Ministry of Economy and Finance, stated on the 6th, "It is necessary to explore ways to eliminate blind spots in care through resident-led community care in which local residents directly participate, such as in apartment complexes."


On the same day, Vice Minister Koo held a meeting related to resident-led community care at the Government Seoul Office and said, "With the increase in dual-income families, addressing childcare gaps such as care after children return from school before parents come home is an important task."


Resident-led community care is one of the projects under the field-oriented innovation leading model of the Fiscal Innovation Task Force (TF). The meeting was organized to share the direction for discovering leading models with related ministries and local governments, and to establish a collaborative system and gather opinions.


He explained, "One type of resident-led community care, the 'local community care cooperative,' is operated directly by residents within apartment complexes, which enhances trust and safety. It not only fosters a social atmosphere that supports work-family balance but also contributes to job creation for excellent idle human resources in the community, such as university students, women with career interruptions, and young seniors."


Vice Minister Koo mentioned, "The government plans to promote pilot projects this year, mainly led by the Ministry of Health and Welfare and the Ministry of Gender Equality and Family."


He added, "Continuous project development and organic collaboration between related ministries and local governments are important to discover leading models suited to regional characteristics," and "We plan to provide active financial support for stable project implementation."


Vice Minister Koo also emphasized, "Currently, voluntary and small-scale organizations like local care cooperatives are expected to expand beyond local childcare to various fields such as social welfare, education, logistics, and distribution, and to be nurtured and developed into village enterprises and business enterprises."



He continued, "Let us actively discover innovation leading models and collaborate actively with related ministries and local governments so that successful cases can spread to other innovation projects."


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

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