Vice Minister Ki Jae: "Promoting 17.3 Trillion Won Private Investment... Providing Investment Destinations for New Deal Fund"

'Private Investment Activation Expert Meeting' Held
Mention of Promoting Introduction of 'Operational-type Private Investment Method'

Ahn Il-hwan, the 2nd Vice Minister of Strategy and Finance, speaking at the "26th Fiscal Management Review Meeting" held on December 30 last year at the Government Seoul Office in Gwanghwamun, Seoul. (Photo by Yonhap News)

[Asia Economy Reporter Moon Chaeseok] An Il-hwan, the 2nd Vice Minister of the Ministry of Economy and Finance, stated on the 22nd, "We will steadily promote private investment projects worth 17.3 trillion won and provide investment destinations for the New Deal Fund."

Vice Minister An made these remarks while presiding over the 'Expert Meeting on Revitalizing Private Investment' at 2 p.m. at the Government Seoul Office.

The government discovered new projects worth 18.9 trillion won last year, including the Green Smart School. The execution performance was 4.9 trillion won (provisional), an increase from 3.6 trillion won in 2019.

Vice Minister An said, "This year, the government plans to steadily promote private investment projects worth 17.3 trillion won to actively support the '110 trillion won investment project' aimed at strengthening domestic demand and preparing for the future."

He added, "In particular, through the expansion of new types of projects such as the 'Korean New Deal,' we intend to provide investment destinations for the New Deal Fund, which will be actively established starting this year."

He also mentioned, "To reduce operating costs of social infrastructure, we plan to introduce an 'operating-type private investment method,' where the private sector reinvests in and operates aging private investment social overhead capital (SOC)."

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