Eun Sung-soo: "We Must Support Innovation and Challenges to Overcome Crisis and Lead New Growth Leap"

'2021 Financial Sector New Year's Meeting' New Year's Address
"Supporting All Economic Agents to Overcome the Crisis"

[Image source=Yonhap News]

[Asia Economy Reporter Park Sun-mi] Eun Sung-soo, Chairman of the Financial Services Commission, stated on the 5th that while prioritizing the response to the novel coronavirus infection (COVID-19) crisis, support will be provided to enable all economic agents to overcome the crisis.

In his New Year's address at the '2021 Pan-Financial New Year's Meeting' announced that day, Chairman Eun emphasized, "The financial authorities will do their best this year as well to overcome the crisis caused by COVID-19 and create changes for a better future."

He continued, "While prioritizing the response to the COVID-19 crisis, we will lay the foundation for economic recovery through maintaining financial stability, supporting innovative growth, and restoring trust, and proactively respond to the changing global economic trends," adding, "In an environment supported by financial stability, we will provide meticulous support so that all economic agents can overcome the crisis and leap forward by turning it into an opportunity."

Chairman Eun noted that amid the rapidly changing economic and financial environment, including the economic crisis triggered by COVID-19 and the acceleration toward a non-face-to-face and digital economy, the role of finance is becoming more important than ever, urging, "Along with thorough management of risk factors, we must actively support innovation and challenges to lead the economy's crisis recovery and new growth leap."

Meanwhile, the 2021 Pan-Financial New Year's Meeting, which was scheduled to be held that day, was canceled in active compliance with the government's strengthened quarantine guidelines due to the spread of COVID-19, and only the New Year's address and encouragement speech were shared.

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