Government Holds Meeting to 'Revitalize Private Investment'... Plans to Announce Measures Within This Month

[Asia Economy Reporter Kwangho Lee] The Ministry of Economy and Finance announced that Second Vice Minister An Il-hwan held a 'Meeting for Discovering New Private Investment Projects' on the 9th at the Government Seoul Office Building with private investment experts and the private investment industry.

This meeting was organized to gather various improvement measures and ideas for revitalizing private investment from private investment experts and the private investment industry, aiming to support the recovery of economic vitality after the COVID-19 pandemic.

Vice Minister An stated, "Activating private investment, which utilizes private funds and efficiency to invest in social infrastructure, can enable early expansion of social infrastructure, leading to fiscal savings and enhanced economic vitality. In the current situation where the significantly increased market liquidity risks flowing into unproductive investments, it can provide productive and stable investment destinations."

He continued, "The government has completed several institutional improvements to revitalize private investment, including introducing a principle of comprehensiveness for private investment target projects and establishing a new investment method called the 'BTO+BTL hybrid model.'"

He added, "Private investment methods can now be applied to new growth infrastructure, environmental facilities, and some projects under the recently promoted Korean New Deal. We also ask the private sector to propose many creative ideas to further activate private investment."

Based on the contents of this meeting, the government plans to identify tasks to revitalize private investment and, after discussions among related ministries, announce the 'Private Investment Revitalization Plan' within this month.

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