Yoon to Chair Export Strategy Meeting on 23rd... "Discussing Export Review and Concrete Diplomatic Achievements"

Presidential Office: "All-Out Public-Private Response to Export Decline Concerns... Focusing on Livelihood Recovery Through Diplomatic Achievements"

[Image source=Yonhap News]

[Asia Economy Reporter Baek Kyunghwan] President Yoon Seok-yeol will preside over the 1st Export Strategy Meeting on the 23rd. This meeting is an opportunity for the public and private sectors to jointly review the export situation and establish customized export strategies by region and country. Follow-up measures will also be set based on recent achievements in summit diplomacy.

Lee Jae-myung, Deputy Spokesperson of the Presidential Office, held a briefing at the Yongsan Presidential Office on the 20th and disclosed President Yoon's plan to preside over the Export Strategy Meeting. Lee said, "To respond comprehensively to concerns about export decline due to the global economic slowdown, the president decided to personally lead the Export Strategy Meeting. At this meeting, both public and private sectors will attend together to review the export situation and jointly establish customized export strategies by region and country."

He added, "The meeting will focus on discussing strategies to materialize the outcomes of recent summit economic diplomacy with ASEAN and Saudi Arabia. Last week was packed with diplomatic schedules to the extent it was called Summit Week, and through this first meeting, the government will meticulously manage these diplomatic achievements to revitalize the economy and restore people’s livelihoods."

Lee also reiterated President Yoon’s remarks from the 11th Emergency Economic Meeting. He said, "At that time, President Yoon even used the phrase ‘industrialization of all ministries,’ urging efforts to boost exports and economic vitality. While preparing for the meeting, he emphasized to his aides that during the 1970s oil shock and subsequent global economic recession, Korea found a breakthrough for economic leap through the Middle East boom. Given that Middle Eastern countries are currently promoting mega projects, he stressed the need to actively seek new opportunities for a second Middle East boom."

Meanwhile, following the summit between President Yoon and Crown Prince Mohammed bin Salman, the two countries agreed on ▲ Saudi major shareholder S-Oil’s second phase investment of approximately 9 trillion won following the existing first phase investment of about 4.8 trillion won ▲ reaffirmation of the role of the Korea-Saudi Vision 2030 Committee and expansion to seven subcommittees ▲ signing of 26 MOUs worth 40 trillion won through the Korea-Saudi Investment Forum.

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