Lee Chang-yang, Minister of Industry, "Growth Led by Companies, Industry Strategy to Be Created Together by Public and Private Sectors"

"Energy Policy Designed from a Scientific Perspective"
"Strengthening Trade Policy and Enhancing Competitiveness of Energy Public Institutions"

[Image source=Yonhap News]

[Asia Economy Sejong=Reporter Dongwoo Lee] Lee Chang-yang, the newly appointed Minister of Trade, Industry and Energy, stated on the 13th, "Growth will be led by companies, and the private sector and government will work together as partners in policy to create industrial strategies."

At the inauguration ceremony held at the main auditorium of the Government Sejong Complex on the same day, Minister Lee said, "Without the vitality and proactive role of the private sector, it is difficult to expect strengthening industrial competitiveness and economic growth." He added, "We will strengthen support for companies' research and development (R&D) investments and facility investments, and promote growth of existing industries and creation of new industries through substantial regulatory innovation."

He called for transforming the industrial technology R&D system into a goal-oriented and performance-driven model. Minister Lee added, "R&D outcomes should be supported throughout the entire process with commercialization in mind so that they can be rapidly commercialized."

He emphasized redesigning policies from a scientific perspective to strengthen energy security. Minister Lee said, "Based on a power mix harmonizing nuclear power and renewable energy, we will prepare to achieve the 2030 Nationally Determined Contribution (NDC) for greenhouse gas reduction along with stable energy supply and demand." He promised, "Since energy is an essential good foundational to citizens' lives and the national economy, we will meticulously design policies from a comprehensive and long-term national perspective."

Regarding strengthening trade policies, Minister Lee mentioned, "We will ensure that our industries and companies can compete confidently in the global market by enabling trade to play a leading role in pioneering the international environment for industry." He also stated, "We will actively respond to new trade environments such as digital and service trade to expand industrial territories."

In conclusion, Minister Lee emphasized, "To effectively and timely implement policies, the competitiveness of the Ministry of Trade, Industry and Energy must be enhanced." He stressed, "It is crucial to establish effective policies based on data and facts, and to have high-level policy planning and execution capabilities."

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