Hong Nam-gi "Conflicts Among New Entrepreneurs, but Gradual Compromises Made"
50 Vacant Houses in Rural Areas to Be Used as Lodging Facilities for 300 Days a Year
Fostering Five Key Areas to Promote Green Bio as Future Growth Engine
Establishing Bio Process Workforce Training Center... Training 2,000 People Annually

Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, is delivering opening remarks at the 3rd Innovation Growth Strategy Meeting and the 36th Economic Ministers' Meeting held at the Government Seoul Office on the 21st.

Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, is delivering opening remarks at the 3rd Innovation Growth Strategy Meeting and the 36th Economic Ministers' Meeting held at the Government Seoul Office on the 21st.

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[Asia Economy Reporter Kwangho Lee] Through the 'One Step Model' introduced as a conflict resolution mechanism, a win-win agreement was reached to solve the issue of vacant house accommodations in rural fishing villages. This is the first case of applying the One Step Model.


Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, stated at the 3rd Innovation Growth Strategy Meeting and the 36th Economic Ministers' Meeting held at the Government Seoul Office on the 21st, "There were conflicts between existing lodging businesses and new operators due to concerns about safety and conflicts with the purpose of the rural lodging system aimed at increasing farmers' and fishermen's income, but stakeholders made concessions step by step and prepared an agreement."


Minister Hong explained, "Specifically, new operators agreed to accept limited conditions compared to the desired scope of business and promised efforts for coexistence with local residents, such as accumulating village funds, while existing lodging businesses agreed to accept the experimental special cases linked with support such as safety education consulting to enhance competitiveness."


According to the agreement, new operators utilizing vacant houses in rural fishing villages can enter the accommodation business under conditions accepting restrictions such as 5 cities/counties, 50 houses, and 300 business days, and promising to accumulate village funds and efforts for coexistence with local residents.


Minister Hong mentioned, "The government will prepare financial support measures to create a safe rural lodging environment and strengthen the competitiveness of lodging businesses." The government included a related budget of 2.5 billion KRW in next year's budget proposal.


He added, "To spread the 'virtuous cycle of coexistence and innovation,' the government will continue to support the activation of new businesses through the prompt resolution of conflicts among stakeholders."


At the meeting, plans for fostering green bio convergence new industries and talent development were also discussed.


Minister Hong said, "To enable green bio to emerge as one of the future growth industries of our economy, we will actively support all stages from technology development to commercialization and focus on nurturing five core areas: microbiome, alternative foods and medifoods, seed industry, veterinary pharmaceuticals, and bio-materials."


He also expressed, "Although the quantitative supply of manpower is not small, there is a qualitative mismatch in the bio industry where talents immediately usable by companies are lacking. To solve this, we will nurture 2,000 customized field workers annually to meet corporate demand through the introduction of the Korean-style NIBRT education program and the establishment of a bio process manpower training center."



Furthermore, he added, "We will actively nurture essential personnel across the industrial ecosystem by expanding new drug development education using data and AI, dispatching trainees to overseas research institutions in AI and precision medicine fields, and promoting the expansion of specialized personnel utilizing new technologies."


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

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