'Remaining at Cheongwadae' Noh Young-min, "As It Is, Republic of Korea!" Message via SNS

No Young-min, Chief Presidential Secretary, is attending the Senior Secretary and Aide Meeting held at the Blue House on the afternoon of the 10th. [Image source=Yonhap News]

[Asia Economy Intern Reporter Kim Bong-ju] On the 13th, shortly after news broke that the Blue House had rejected his resignation, Presidential Chief of Staff Noh Young-min posted a message on his Facebook regarding South Korea's national credit rating. This message drew attention as it came at a time when five senior secretaries were replaced following the Blue House multi-home ownership scandal, yet Noh, the top official among the aides, remained in his position.

On that day, Chief of Staff Noh stated on Facebook, "Despite the global economic shock, the worst since the Great Depression, our country's national credit rating remains steadfast and unchanged."

He emphasized, "Due to the global economic downturn caused by COVID-19, the three major credit rating agencies (Moody's, S&P, Fitch) have downgraded the national credit ratings and outlooks 183 times across 100 countries, the highest ever. However, our country has firmly maintained its current level."

No Young-min, Chief of Staff to the President, SNS post on the 13th. Photo by No Young-min Facebook capture.

He continued, "Thanks to K-quarantine measures that prevented the spread of COVID-19 without lockdowns, minimizing economic shocks, along with expansive fiscal policies and an economy driven by advanced manufacturing, the pace of economic recovery is expected to be rapid," attributing these results to the government's policies.

He concluded his post with the government's slogan, "As it is, Republic of Korea!"

This post was made in the context of President Moon Jae-in's decision to reject Noh's resignation. On the 11th, Noh had also cited the OECD 2020 Korea Economic Report on Facebook, stating, "Among OECD countries, South Korea is the first to have its economic growth forecast revised upward," which fueled speculation about his continued presence at the Blue House.

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