President Moon: "Unprecedented Emergency Economic Situation Unlike MERS or SARS... Unprecedented Measures" (Update)

President Moon holds 90-minute emergency meeting with Hong Nam-ki, Lee Ju-yeol, and others
"Government must do its best to create unprecedented measures"
"Must show determination to understand people's hardships and solve problems on their side"

President Moon Jae-in is holding a 'Special Meeting to Review the Economic and Financial Situation' on the morning of the 13th at the Yeomin Building in the Blue House. On the left is Chief Secretary Noh Young-min. Attending the meeting were Deputy Prime Minister for Economy Hong Nam-ki, Bank of Korea Governor Lee Ju-yeol, Minister of Trade, Industry and Energy Sung Yun-mo, and Financial Services Commission Chairman Eun Sung-soo. Photo by the Blue House.

[Asia Economy Reporter Han Seung-gon] President Moon Jae-in stated on the 13th regarding the novel coronavirus outbreak, "This is an emergency economic situation incomparable to MERS or SARS," and added, "The government must do its utmost to devise unprecedented measures," the Blue House announced.

On the morning of the same day, President Moon convened a 'Special Meeting to Review Economic and Financial Conditions' at the Blue House, inviting Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, and Lee Ju-yeol, Governor of the Bank of Korea, among others. According to Blue House spokesperson Kang Min-seok's written briefing, he received reports on the financial market and overall economic trends and made these remarks.

President Moon said, "While comparisons with past cases can be made, the situation now is different and special, requiring unprecedented actions," and added, "The government must do its utmost to devise measures that have never been taken before, unprecedented measures." He continued, "The government must understand the difficulties faced by the people and demonstrate a commitment to resolving issues from the people's perspective by any means."

President Moon further urged, "The government must understand the difficulties faced by the people and show the determination to resolve issues from the people's side by any means."

Regarding the issue of entry restrictions from Korea, President Moon instructed, "Please review the possibility of discussing at international organizations a plan to allow Korean businesspeople holding government health certificates to enter exceptionally for business activities, so that this can become a standard model."

At the conclusion of the meeting, President Moon encouraged Deputy Prime Minister Hong by saying, "You have done well so far, so please continue to do well." Deputy Prime Minister Hong responded with, "I will do my best," according to spokesperson Kang.

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