President Holds Weekly 'COVID-19 Emergency Economic Meeting'... "Mobilizing Nationwide Capabilities" (Update)

[Image source=Yonhap News]

[Sejong=Asia Economy Reporter Kim Hyunjung] President Moon Jae-in will preside over an emergency economic meeting every week to overcome the novel coronavirus disease (COVID-19) crisis. Considering the seriousness of the COVID-19 spread, the plan is to form a nationwide meeting body that includes not only ministers of related ministries but also economic organizations, labor representatives, and experts as needed.

On the 18th, Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, said at the 1st Crisis Management Meeting, "To overcome the emergency economic situation, we have established an emergency economic meeting and will steadily implement special measures for rapid crisis response, recovery of the livelihood economy, and enhancement of economic vitality momentum." This meeting was the first held after converting the existing Economic Relations Ministers' Meeting (Economic Vitality Measures Meeting), chaired by Deputy Prime Minister Hong, into the Crisis Management Meeting.

He explained, "The emergency economic meeting will be held once a week under the president's chairmanship. Although the attendees are ministers of related ministries, economic organizations, labor representatives, and private experts will also be invited as necessary," adding, "We plan to unite nationwide capabilities." He emphasized, "Through the emergency economic meeting, we will respond promptly to domestic and international environmental conditions and strive to create tangible economic results that the public can feel through more effective policy coordination and immediate policy decisions."

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