Moon "Economic and Security Integration System Must Be Established Legally and Institutionally"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] President Moon Jae-in emphasized on the 14th that "a definite system combining the economy and security must be legally and institutionally established."

On the afternoon of the same day, President Moon, while presiding over the 4th Foreign Economic Security Strategy Meeting, said, "Now, crises occur continuously, in various complex forms, over a long period, and especially, security issues and economic issues are intertwined."

In this regard, he said, "We should not respond with intermittent meetings or in the form of a task force, but a definite system combining the economy and security must be legally and institutionally established," adding, "I hope our government considers this as a task to be pursued until the very end, puts all efforts into it, and sufficiently consults and persuades the National Assembly about its necessity."

In his closing remarks, he said, "Regarding the Ukraine situation, we must keep open to various possibilities, re-examine, and prepare countermeasures," urging to take good care of the safety of our overseas Koreans and economic security issues.

At today's meeting, reports were given by the Deputy Prime Minister for Economy, the Minister of Industry, and the Vice Minister of Foreign Affairs on changes in the external environment related to the global supply chain and response strategies, institutional improvement plans for stabilizing the supply and demand of economic security items, trends and response measures regarding the Ukraine situation, and the economic impact and countermeasures of the Ukraine situation.

Finally, President Moon emphasized, "With the determination that there is no term limit in economy and security, I hope we do what we must until the very end and make efforts so that the next government can settle well."

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