Handuksoo's Inaugural Statement: "Bold and Strong Regulatory Innovation"... First Move to 'Bongha Village'

Inauguration Ceremony of the 48th Prime Minister

[Image source=Yonhap News]

[Asia Economy Sejong=Reporter Kim Hyewon] Prime Minister Han Duck-soo on the 23rd presented 'national interest and practicality, fairness and common sense' as the principles of the Yoon Seok-yeol administration's governance. He also made his first unifying move since taking office by visiting the memorial service for the late former President Roh Moo-hyun, becoming the first prime minister from a conservative government to do so.

At the inauguration ceremony of the 48th Prime Minister held at the Government Complex Sejong on the same day, Prime Minister Han stated, "We will create and implement policies solely based on the interests of the people."

Prime Minister Han emphasized, "We must become a competent and responsible government that works well," adding, "A competent government is not about being a big or small government, but one that works efficiently so that the people's taxes are not wasted." He then urged the public service to focus on three things: fieldwork, creativity, and communication.

He encouraged, "We will provide autonomy and opportunities so that latent creativity can be fully expressed and sufficiently reward achievements," and added, "We will improve the system to exempt responsibility issues arising from pursuing innovative administration as much as possible."

As the first prime minister of the Yoon administration, he also conveyed his inaugural commitments to resolving livelihood issues felt by the people, private sector-led growth, bold regulatory innovation, and balanced regional development. To realize these, he promised to pay attention to national unity and cooperation.

Prime Minister Han said, "To solve livelihood issues directly related to people's lives, such as price instability and household debt, we will open all policy measures and work with related ministries to prepare response plans," and added, "Regarding the real estate market, which has caused much anxiety and disappointment among the people, we will harmoniously adjust the roles of the government and the private sector so that market principles can function well."

He continued, "Based on the market economy system, proper growth is possible when the private sector leads and the government supports from behind," emphasizing, "Above all, we will pursue bold and strong regulatory innovation."

He also stated, "We will strengthen efforts to improve government infrastructure and systems so that new strategic industries such as next-generation semiconductors, new energy industries, and bio-health industries can grow, and we will review whether policies related to small and medium-sized enterprises are efficient and rebuild them accordingly."

Regarding the political situation of a ruling party minority and opposition party majority (Yeo So Ya Dae), he said, "Through cooperation, we will respect the opposition party as a partner in governance," and mentioned, "Regardless of form or method, we will communicate actively and cooperate on tasks where the ruling party, opposition, and government share the same understanding."

After the inauguration ceremony, Prime Minister Han headed to Bongha Village in Gimhae, Gyeongnam, where the 13th anniversary memorial service for the late President Roh was held. Besides Prime Minister Han, Chief Secretary Kim Dae-gi and Senior Secretary for Political Affairs Lee Jin-bok from the Yoon administration attended.

Han Duck-soo, who received his appointment letter from President Yoon Seok-yeol on the 21st, 48 days after his nomination, spent the weekend attending schedules such as the new economic strategy meeting and the quarantine situation inspection meeting. At the economic strategy meeting he presided over, he reiterated the necessity of regulatory innovation, saying, "I think this is the last chance, and we must do our best in regulatory innovation. We need to create something like a regulatory innovation strategy meeting centered on the president."

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