Hong Nam-ki: "Will Promote Achievements of Moon Administration, Including Entry into Top 10 Economies"... Announces Publicity for Government Achievements

SNS Preview on the 10th... "About 3 Posts Per Day for 15 Days"

Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki is seen delivering opening remarks at the 52nd Emergency Economic Central Countermeasures Headquarters meeting held on the morning of the 6th at the Government Seoul Office in Jongno-gu, Seoul. Photo by Hyunmin Kim kimhyun81@

[Sejong=Asia Economy Reporter Moon Chaeseok] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, said on the 10th that he would summarize and announce the major economic achievements of the Moon Jae-in administration, including South Korea's rise to the world's 10th largest economy, over the course of about fifteen days. He expressed his intention to promote policy achievements by sequentially posting 'hidden achievements' that are not well known to the public.

On the same day, Hong Nam-ki posted on his social media (SNS), "To inform the public of the economic achievements and challenges of the Moon Jae-in administration over the past five years as they are, I will post about three items daily in sequence for about 15 days starting today." He explained, "Among the achievements and challenges, there are 'hidden achievements' that are not well known, including the fact that our country has risen to become the world's 10th largest economy."

The achievements and challenges overview and the overview booklet he introduced contain 36 tasks across four areas: macroeconomics, innovative growth, inclusive growth, and structural transformation. The booklet states, "The Moon Jae-in administration has caught 'two rabbits' in many ways: growth and distribution, innovation and inclusion, recovery and leap."

Source: Ministry of Economy and Finance

According to the booklet, South Korea transitioned to a 'people-centered economy' based on three pillars: income-led growth, innovative growth, and fair economy in 2017-2018. In 2019, it built an 'innovative inclusive nation' by strengthening industries such as 'D·N·A (Data, Network, Artificial Intelligence) + BIG3 (future cars, bio-health, system semiconductors)' and social safety nets. In 2020, when COVID-19 spread, it became a 'model country for crisis overcoming,' and last year, it solidified its status as one of the world's top 10 economies.

However, some criticize that due to the Moon Jae-in administration's mistakes, there have been sharp rises in real estate prices, consumer prices, and minimum wages, and that major policies promoted by the government, such as fiscal rules pending in the National Assembly and sluggish attraction of returnee companies (companies returning from overseas), have failed to show effects in the market, leading to accusations of inappropriate self-praise.

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