Martial Arts, CEO Breakfast Meeting Held... Deputy Prime Minister for Economy Choo Kyung-ho Lectures on 'New Government Economic Policy Direction'

At the 161st KITA CEO Breakfast Meeting held by the Korea International Trade Association on the 30th at the InterContinental Seoul COEX in Samseong-dong, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is giving a lecture on the topic of "New Government Economic Policy Direction."

[Asia Economy Reporter Park Sun-mi] The Korea International Trade Association (KITA) held the '161st KITA CEO Breakfast Meeting' on the 30th at the InterContinental Seoul COEX in Samseong-dong.

At the event, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho attended and gave a lecture on the topic of 'New Government Economic Policy Direction.' Deputy Prime Minister Choo diagnosed, "Our economy is facing a complex economic crisis characterized by a slowdown amid high inflation," and said, "In the short term, we will prioritize price stabilization in our policies and respond with full force." He also urged, "Companies should absorb price increase factors as much as possible through productivity improvement."

He continued, "We will shift the focus of economic policy from fiscal policy to the market and enterprises through regulatory reform and normalization of corporate tax, while simultaneously implementing fundamental structural reforms in labor and education to improve the economic system."

Finally, Deputy Prime Minister Choo said, "Since we have the resilience to overcome the IMF crisis and the global financial crisis, let the people, companies, and government unite their strength to overcome this challenge."

Koo Ja-yeol, Chairman of the Korea International Trade Association, said, "We expect the new government's economic policy direction to inject vitality into our economy," and added, "KITA will also operate a 'Regulatory Reform Task Force' to receive trade difficulties caused by various regulations and communicate closely with the government to do its best to enhance the export competitiveness of the trade industry."

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