[2020 National Audit] Gu Yun-cheol: "Korean New Deal is also a Broad Form of the Income-Led Growth Policy"

[Asia Economy Reporter Kwangho Lee] On the 7th, Koo Yoon-cheol, the Director of the Office for Government Policy Coordination, rebutted opposition party lawmakers' criticism at the National Assembly audit that the Moon Jae-in administration's key policy, Income-Led Growth (Soju-seong), has failed to the extent that even the president no longer mentions it, stating, "The Korean New Deal is ultimately a broad form of the Soju-seong policy."

Director Koo said at the Political Affairs Committee audit held at the National Assembly that day, "The government has not given up just because it no longer talks about Soju-seong."

On the same day, Yoon Chang-hyun, a lawmaker from the People Power Party, pointed out, "If you look at the president's speeches, the word Soju-seong has been zero since May 2019," adding, "Even the Prime Minister last mentioned it in October 2018 and has not spoken about it since."

He raised his voice, saying, "It is a very important national task, but there is neither discussion nor evaluation."

In response, Director Koo explained, "From the perspective of how to increase people's income, various job policies and the Korean New Deal promoted by the government can be broadly regarded as Soju-seong policies." He added, "We will work hard to implement the policies."

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