Hong Nam-ki "May Economic Response Important, Korean New Deal to be Announced in Early June" (Update)

[Asia Economy Reporter Jang Sehee] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, emphasized on the 4th that "May is the most important month in which the big picture for leading the second half of the year in response to the economic crisis is drawn."

On the same day, Hong held an expanded executive meeting at the Government Complex Sejong and stated, "Complete the preparations with a sense of urgency over the next two weeks so that the second half economic policy direction, the third supplementary budget, and the Korean New Deal plan can be announced as scheduled in early June."

Regarding the continuation of social distancing in daily life after 45 days of implementation, Hong said, "The momentum of responding to the novel coronavirus infection (COVID-19) has changed." He added, "Through the solid operation of the Economic Central Disaster and Safety Countermeasures Headquarters, please thoroughly prepare so that the crisis response and measures can be more meticulous and detailed, going beyond overcoming damage to economic recovery."

He particularly emphasized the need for special measures to revitalize domestic demand, stimulate consumption, and ensure normal economic activities. In addition, he urged the active discovery of ideas such as temporarily postponing regulations that hinder corporate investment.

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