President Moon: "I hope the National Support Fund brings comfort to those going through difficult times"

Presiding over the Blue House Senior Secretary Meeting... "Payment Procedures for the National Support Fund Begin Today"

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in stated at the Blue House senior secretaries meeting on the 6th, "From today, the procedure for distributing the National Support Fund begins," adding, "I hope this National Support Fund will provide some comfort and encouragement to those going through difficult times."

President Moon said, "I especially hope it will help vulnerable groups, traditional markets, neighborhood stores, restaurants, small business owners, and self-employed individuals, and contribute to revitalizing livelihoods and the local economy."

President Moon pledged to do his best to ensure the fund is distributed quickly while minimizing inconvenience to the public.

[Image source=Yonhap News]

President Moon explained, "We have established a system where people can easily receive customized information and apply for and receive payments conveniently through the 'National Secretary' notification service, a personal assistant in your hand, which was developed and utilized for the first time in the world. The government will fully leverage the capabilities of a digital powerhouse and a leading e-government nation in the application and distribution of the National Support Fund."

President Moon also emphasized the significance of export growth. He said, "Exports in August increased by 34.9%, marking the highest level ever recorded for the same month. This is the sixth consecutive month of record-breaking monthly export amounts, and exports surpassed 400 billion dollars in the shortest period in history." If this trend continues, we expect to achieve the highest export record ever this year."

President Moon stated, "Despite the COVID-19 crisis, the Korean economy is reborn as a stronger economy," adding, "If we further strengthen our digital competitiveness and accelerate the transition to an eco-friendly, low-carbon economy, which is the trend of the times, the future competitiveness of our export industries will become even more powerful."

However, President Moon noted, "Although the export boom continues, the slow recovery of domestic demand is delaying the recovery of livelihoods. Especially, the prolonged hardship for face-to-face service industries, tourism and cultural sectors, small business owners, and self-employed individuals is deeply regrettable."

President Moon said, "As vaccination rates increase, we will do our best to gradually ease restrictions on the number of people for those fully vaccinated and move toward normalizing business operations," expressing optimism by saying, "Fortunately, thanks to the active participation of the people, vaccination rates are rising rapidly."

President Moon added, "As vaccination rates rise and the COVID-19 situation calms down, we will be able to seek a gradual transition to a new quarantine system that balances prevention and daily life," concluding with, "I ask everyone to gather strength together as we look toward the final stage."

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