Hong Nam-ki: "This Early Year's Priorities Are '3rd Damage Support, Lunar New Year Livelihood Measures, and Real Estate Market Stabilization'"

At the First Expanded Executive Meeting of the New Year

Hong Nam-ki, Deputy Prime Minister. (File photo)

[Sejong=Asia Economy Reporter Joo Sang-don] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, identified the preparation of the 2021 Ministry of Economy and Finance's New Year work report, along with the '3rd damage support measures, Lunar New Year livelihood measures, and real estate market stabilization' as key issues for January to February this year on the 11th.

On the same day, Deputy Prime Minister Hong presided over an expanded executive meeting of the Ministry of Economy and Finance at the Government Sejong Complex and made these remarks.

Hong said, "The President's New Year's address announced on the 11th clearly presents the core tasks the government must focus on this year, including economic recovery, job creation and strengthening inclusion, future investment, the Korean New Deal and carbon neutrality, and expanding external cooperation," adding, "Ensure that the follow-up measures from the New Year's address are fully reflected in the nearly finalized '2021 Ministry of Economy and Finance New Year Work Plan' by conducting additional reviews."

He also urged flawless execution of recent issues. Deputy Prime Minister Hong stated, "Support the rapid nationwide free vaccination for all citizens, and ensure that cash support projects such as the Small Business Resilience Fund, which begins disbursement today, are paid out at over 90% before the Lunar New Year as planned," emphasizing, "Particular attention is needed for vulnerable groups with limited online access to avoid delays in procedures and to expedite payment timing as much as possible." Regarding the Lunar New Year livelihood measures, he instructed to prepare them meticulously so that they can be finalized and announced after government-party consultations by next week.

For real estate market stabilization, he said, "Policy capabilities must be concentrated to stabilize the market as quickly as possible," and urged, "Accelerate the execution review of public reconstruction and redevelopment announced in the August 4th measures last year and the preparation of various housing supply plans."

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