[Q&A] President Moon: "Economic Measures Focused on Revitalizing Local Economies"

President's 3rd Anniversary Special Address Emphasizes Regional Economic Revitalization Measures... "Regions Facing Special Hardships Designated as Industrial and Employment Crisis Areas"

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in stated on the 10th during the Q&A session of the '3rd Anniversary Special Inaugural Address' held at the Blue House Chuncheon Hall that regarding the regional economic issues suffering due to the 'Novel Coronavirus Disease 2019 (COVID-19)' situation, "(The government's economic measures) are focused on revitalizing the regional economy."

President Moon, when asked about regional economic measures, said, "The gap between regions and the central government is widening. When the economy worsens, the regional economy is hit harder first, and the employment situation in the regions inevitably deteriorates further," adding, "I agree with the need for sufficient measures to address this."

[Image source=Yonhap News]

President Moon said, "Measures to stimulate consumption and revitalize tourism are also region-centered, and disaster relief funds are designed to be mostly used within the regions," adding, "various living SOC projects, national projects, and preliminary feasibility exemption projects that are region-based will also be actively expedited."

President Moon said, "I believe the work to smarten SOC will also be implemented as regional projects," adding, "Recently, Daegu and Gyeongbuk, Gwangju and Jeonnam, and Incheon were designated as industrial complex renovation areas," and continued, "If we proceed with smartening not just at the factory level but for the entire industrial complex, it will help enhance regional economic competitiveness and create many local jobs."

President Moon pledged, "If there are regions where local industries or employment become particularly difficult despite these efforts, we will specially designate them as industrial crisis areas or employment crisis areas through our designation methods."

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