[Full Text] President Moon: "New Deal, Full-Scale Implementation Stage"... Speech at the 3rd Korea New Deal Strategy Meeting

President Moon Jae-in is attending and speaking at the 3rd Korean New Deal Strategy Meeting held at Dongdaemun Design Plaza in Seoul on the afternoon of the 16th. 2020.11.16 [Image source=Yonhap News]

[Asia Economy Reporter Son Sun-hee] President Moon Jae-in said on the 16th, "The Korean New Deal has moved beyond the conceptual stage and entered the full-scale implementation phase," adding, "Our party is at the center of the evolution and development of the Korean New Deal."

At the '3rd Korean New Deal Strategy Meeting' held at 2 p.m. at Dongdaemun Design Plaza (DDP) in Jung-gu, Seoul, with a large attendance of party officials including Lee Nak-yeon, leader of the Democratic Party of Korea, President Moon said, "Let us lead the great leap forward of the Republic of Korea as one united party and government."

Below is the full text of President Moon’s speech.

[Speech at the 3rd Korean New Deal Strategy Meeting]

Everyone,

Nice to meet you.

I am truly reassured and pleased to have so many of you here from the party.

In April, at the height of the COVID-19 crisis,

I

first announced the plan

to promote the Korean New Deal as a national development strategy.

It was a strong determination to quickly overcome the national crisis and turn it into an opportunity

to advance as a leading country.

It was an extraordinary resolve to accelerate innovative growth by fostering the digital economy and non-face-to-face industries,

and to overcome the job crisis by creating new jobs.

Since the initial announcement,

the Korean New Deal has undergone continuous evolution.

Following the Digital New Deal for a major transition to a digital society,

the Green New Deal for transitioning to a low-carbon economy has been fully launched.

With the declaration of the 2050 carbon neutrality goal,

the Green New Deal’s objectives have become more concrete,

broadening its scope and accelerating its pace.

The employment and social safety nets for a people-centered inclusive society

have become the foundation of the Korean New Deal,

and with the regional balanced New Deal newly established as a core spirit,

the Korean New Deal has become a highly complete national development strategy.

At the same time,

it has materialized into concrete projects, backed by budgets,

and is rapidly gaining execution capability.

Ten representative projects have been selected as flagship projects of the Korean New Deal,

and an investment plan worth 160 trillion won has been announced.

Through New Deal funds and finance,

paths for public participation and private sector expansion have also been opened.

In a short time, gathering national expectations,

the Korean New Deal has now

moved beyond the conceptual stage and entered the full-scale implementation phase.

Our party is at the center of the evolution and development of the Korean New Deal.

Leader Lee Nak-yeon and the leadership are taking the lead,

fully transforming the party into a Korean New Deal promotion system,

and are making every effort to expand it regionally by visiting the field.

With the K-New Deal Committee and K-New Deal Headquarters at the core,

all members of the National Assembly are sharing responsibilities,

developing it into a national development strategy that the people can feel.

In the National Assembly, efforts are being made by standing committees

to support it through laws and budgets.

I deeply thank the party leadership and lawmakers who are putting all their efforts into the success of the Korean New Deal.

We are now

at a truly significant historical turning point both globally and nationally.

The 4th Industrial Revolution and responses to climate change

have become the trend of the times,

and with the COVID-19 pandemic causing upheaval,

the pace of change has accelerated even more.

The digital revolution and the green revolution are a civilization-level major transition,

becoming an era-wide task transcending ideology, political factions, and national borders.

It cannot be avoided, and there is no alternative.

Only by rapidly transitioning to a digital and low-carbon society and economy

can we survive, develop, and

advance into the future.

Following the global trend,

the Korean New Deal is the strategy leading Korea’s great transformation.

The Korean New Deal will actively embrace and lead change,

turning an era of crisis into an era of opportunity.

It will change my life, change regions, change the country,

and open the path to leap forward as a leading country.

Leveraging world-class digital capabilities,

we will lead the transition to a digital economy

in the most exemplary way worldwide.

With the goal of carbon neutrality by 2050,

we will accelerate the transition to a low-carbon economy,

responding to the climate crisis in solidarity and cooperation with the world,

pioneering new paths for our economy through industrial innovation and the green economy,

and turning it into an opportunity for creating new jobs.

By combining people-centered values and innovative technologies,

we will make the lives of our people more convenient and prosperous.

Through inclusive transitions to build safety nets and resolve inequality,

we will ensure that no one and no region is left behind.

The Korean New Deal

will serve as a new national balanced development strategy

to solve the concentration phenomenon in the metropolitan area,

making regions hubs of new growth engines

and the center of economic vitality.

The roles of the party and the National Assembly are very important.

The Korean New Deal must continue to evolve and develop.

Please discover creative ideas in regions and daily life,

and broadly create spaces where the people can participate as protagonists of the Korean New Deal.

The government will actively support the party’s efforts.

For the Korean New Deal to be pursued without wavering,

establishing an institutional foundation is especially important.

Please promptly establish the legal basis

to lead digital innovation and accelerate the Green New Deal.

Legislative tasks supporting safety net reinforcement, New Deal finance,

and regional balance should also yield results.

Please also unite efforts for regulatory innovation

that could be obstacles to private sector expansion and project promotion.

The Korean New Deal is the key to opening Korea’s future.

With pride in Korea as a country strong in crisis,

we will boldly challenge ourselves to leap forward as a leading country through the Korean New Deal.

Let the party and government unite as one

to lead the great leap forward of the Republic of Korea.

Let us take infinite responsibility for the lives of the people and the fate of the nation,

and unite our strength for the success of the Korean New Deal.

Thank you.

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