Cheong "Emergency Economic Measures Meeting First Session Chaired by President on 19th"

"Operating Method to Be Announced by Deputy Prime Minister Hong Nam-ki on the 18th" ... Use of the Term Emergency Implies a Crisis Worse Than the Global Economic Crisis

[Asia Economy Reporter Ryu Jeong-min] The Blue House announced that Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, is scheduled to reveal on the 18th the operational method of the Emergency Economic Measures Meeting, which is directly chaired by President Moon Jae-in.

A senior Blue House official told reporters on the 17th, "Following the President's directive, Deputy Prime Minister Hong Nam-ki will discuss the operational method at the Economic Ministers' Meeting tomorrow," adding, "The first Emergency Economic Measures Meeting will be held this Thursday, the 19th. The President will chair it."

[Image source=Yonhap News]

A senior Blue House official said regarding the possibility of a second supplementary budget, "Decisions will be made going forward at the Emergency Economic Measures Meeting."

Regarding the use of the term 'Emergency' in the Emergency Economic Measures Meeting, a senior Blue House official explained, "The word 'Emergency' is used literally to indicate a situation more severe than the global economic crisis," adding, "The difference is that the President chairs the meeting directly."

A senior Blue House official stated, "(President Moon Jae-in) mentioned that support should be given to those who are most struggling according to policy priorities," and added, "The Moon Jae-in administration will do its best to ensure that the suffering caused by disasters does not become unequal suffering."

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