Deputy Prime Minister Choo Kyung-ho Establishes Ministry of Economy and Finance's 'Emergency Economic Response TF'... First Meeting Today
![Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is presiding over an internal issue inspection meeting at the Government Seoul Office Building on the afternoon of the 10th. May 10, 2022 [Provided by the Ministry of Economy and Finance. Redistribution and DB prohibited] [Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022051109220462482_1652228525.jpg)
Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is presiding over an internal issue inspection meeting at the Government Seoul Office Building on the afternoon of the 10th. May 10, 2022 [Provided by the Ministry of Economy and Finance. Redistribution and DB prohibited] [Image source=Yonhap News]
View original image[Asia Economy Sejong=Reporter Son Seon-hee] Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho has decided to establish an 'Emergency Economic Response Task Force (TF)' within the Ministry of Economy and Finance and hold its first meeting on the 11th.
According to the Ministry of Economy and Finance on the day, Deputy Prime Minister Choo held a dinner meeting with senior officials at level 1 or higher within the ministry on the evening of the previous day, his first day in office, to review pressing issues such as inflation, supplementary budget status, and trends in the financial and foreign exchange markets. Although it was a dinner gathering, it was arranged as an emergency situation review meeting.
The ministry stated that Deputy Prime Minister Choo and the attendees "shared the recognition that our economy is currently in a very serious situation." Accordingly, Deputy Prime Minister Choo instructed to "comprehensively assess the economic situation and respond proactively if necessary," and ordered the establishment of the Emergency Economic Response TF.
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The Emergency Economic Response TF will be led by First Vice Minister Bang Ki-seon as team leader, with participation from the Vice Minister (deputy team leader), Director General of Economic Policy Bureau, Director General of International Finance Bureau, Director General of Treasury Bureau, Director General of External Economic Bureau, Chief Budget Review Officer, and Chief Tax Review Officer. The first meeting will be held in the afternoon of the same day.
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