President Moon: "Economic Wartime Situation... Job Creation through Korean New Deal"

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] President Moon Jae-in announced on the 10th that "the Korean New Deal for job creation will be promoted as a national project."

President Moon made this statement during a special national address marking the third anniversary of his inauguration, held at the Chuncheon Press Center in the Blue House that morning.

President Moon stated, "We will promote the Korean New Deal for job creation as a national project," and revealed plans to launch large-scale job creation projects through building digital infrastructure, fostering non-face-to-face industries, and smartening national infrastructure.

Regarding concerns that the digital economy might eliminate jobs, President Moon explained, "To build data infrastructure, there will be tasks that require personnel to input, collect, organize, accumulate, and utilize data directly," adding, "Creating many such positions to respond to the employment crisis and making Korea a leading country in the digital economy is the essence of the job New Deal."

The government plans to outline post-COVID-19 measures and the Korean New Deal in the economic policy direction for the second half of the year, to be announced early next month.

Furthermore, it emphasized supporting innovative ventures and startups to propel Korea into a digital powerhouse.

President Moon stated, "We will more vigorously foster three new growth industries: system semiconductors, bio-health, and future cars, and pursue bold strategies to attract not only the return of Korean companies but also advanced industries and investments from abroad, aiming to become the world's factory for advanced industries."

Meanwhile, the government has already begun preparing comprehensive post-COVID-19 measures. For the economic and industrial sectors, economic ministries including the Ministry of Economy and Finance have formed a post-COVID-19 task force and six working groups covering macro/general affairs, industry/SMEs, employment, bio, land/transportation, and science/information and communications, to devise response plans.

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