[Yoon Seok-yeol Elected] KITA "New Government's Crucial Role in Restoring Export Dynamism"

"Proactive Response Needed in the Era of Digital Transformation and Carbon Neutrality"

President-elect Yoon Seok-yeol is performing an uppercut ceremony for supporters in front of the People Power Party headquarters in Yeouido, Seoul, on the 10th. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Jin-ho Kim] The Korea International Trade Association (KITA) urged Yoon Seok-yeol, the president-elect of the 20th Republic of Korea, on the 10th to strive to restore 'export dynamism.'

In a statement on the president-elect, KITA said, "The new government has a crucial role to play in revitalizing Korean trade and proactively responding to the era of digital transformation and carbon neutrality."

It particularly emphasized the hope that efforts would be focused on innovating the trade structure and restoring export dynamism in line with rapidly changing domestic and international conditions. KITA suggested, "We expect the systematic management of supply chains, which are the lifeblood of industry, and bold investment in future new industries and regulatory reforms to contribute to enhancing export competitiveness and creating quality jobs."

It added, "We hope that Korean trade will secure sustainable growth engines and make a leap forward in a direction that raises the quality of life for the people."

It also stated that balanced and strategic economic security is necessary to flexibly respond to changes in the international trade order. KITA emphasized, "We expect the government to protect the rights and interests of our companies from protectionism, which is intensifying due to hegemonic competition, and to play a strong supporting role in new trade areas such as digital and labor."

Furthermore, it urged, "Carbon neutrality is an urgent task that can no longer be delayed. Please engage in close dialogue and cooperation with the industry to enhance the competitiveness of eco-friendly and low-carbon products and to achieve feasible carbon neutrality."

KITA promised, "We hope that the Korean economy will be reborn as a leading economy based on coexistence and cooperation with the launch of the new government, and we will make our best efforts together with the new administration."

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