Vice Minister of Economy "Securing Future Food Sources... Earnestly Urges National Assembly to Pass 'Seobalbeop'"

Lee Ok-won, Vice Minister of Strategy and Finance, is presiding over the "Meeting for Focusing on the Development of the Service Industry" held at the Korea Chamber of Commerce and Industry in Namdaemun, Seoul on the 4th. 2021.11.4 Photo by Yonhap News

[Sejong=Asia Economy Reporter Son Seon-hee] Lee Eok-won, the 1st Vice Minister of the Ministry of Economy and Finance, said on the 4th, "I earnestly urge the National Assembly to make efforts to ensure that the 'Framework Act on the Development of the Service Industry (Seobalbeop)' is definitely legislated during this regular session of the National Assembly."

On the afternoon of the same day, Vice Minister Lee held a 'Meeting for the Promotion of the Service Industry' at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, stating, "Seobalbeop is an institutional infrastructure for the systematic and long-term development of the service industry," and added, "Legislation is essential for the service industry's leap forward and securing future growth engines for the next 30 years." The Seobalbeop is a bill currently pending in the National Assembly that includes regulatory improvements and support measures to revitalize related service industries.

Vice Minister Lee emphasized repeatedly, "The environment surrounding the service industry is changing faster than ever, and fundamental changes are underway in the service sector," adding, "It is a time to gather wisdom for a leap forward." He also requested active cooperation from the related industries, saying, "Starting with adapting to recent megatrend changes, a strategy to actively utilize the current situation is necessary," and "A synergy combining the industry's creative ideas and passion is needed."

Meanwhile, Vice Minister Lee said, "The prolonged and intense social distancing due to the COVID-19 pandemic dealt a direct blow to the multi-use and face-to-face centered service industry," but expressed hope, "Fortunately, the first phase of the 'Gradual Recovery to Daily Life Implementation Plan' begins this week, which will be a relief for the struggling service sectors."

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