Yoon: "Turning Global Crisis into Opportunity... Towards Becoming a Top 5 Exporting Country Worldwide"

- Presided over the 1st Export Strategy Meeting... "United as Team Korea to Boost Exports"
- "Exports are the Source of National Jobs... The Ministry of Environment Must Also Foster the Environmental Industry"

President Yoon Suk-yeol is speaking at the 1st Export Strategy Meeting held on the 23rd at the Korea Trade-Investment Promotion Agency (KOTRA) in Yangjae-dong, Seocho-gu, Seoul. /

[Asia Economy Reporter Baek Kyunghwan] President Yoon Suk-yeol stated on the 23rd, during his first chairing of the Export Strategy Meeting, "It is time for all of us to unite our efforts to turn the global complex crisis into an opportunity and rise as one of the world's top five export powers." In particular, President Yoon urged, "I ask all private sector, public enterprises, financial institutions, and government officials to unite with the mindset that they are members of Team Korea working together to promote exports."

That morning, President Yoon presided over the 1st Export Strategy Meeting at the Korea Trade-Investment Promotion Agency (KOTRA) in Yangjae-dong, Gangnam-gu, Seoul, saying, "I will directly review the export promotion strategies and issues, which are the core drivers of our economy," and gave these instructions.

The meeting was organized as an occasion for key economic ministry officials and private experts to jointly assess the export situation and establish customized export strategies by region and country. In his opening remarks, President Yoon emphasized, "About ten years ago, during the global financial crisis, we turned it into an opportunity for growth and achieved the remarkable feat of rising to the 7th largest export country in the world," adding, "Ultimately, we overcame that financial crisis head-on through exports."

He also stated, "Exports are the source of today's Korean economy and the foundation of jobs for the people." President Yoon explained, "The government adopts a private-led, market-centered growth policy, but active and proactive government support is necessary to promote exports," and added, "If left to manage on their own, it is really difficult for companies other than the largest conglomerates to export in such an environment."

He also issued special instructions regarding high-tech, technology-intensive industries. President Yoon said, "In the past, we started exports from labor-intensive sectors to build economic growth and social infrastructure, but now we must lead exports in high-tech, technology-intensive industrial sectors."

Following up from yesterday, he also called for cooperation from the National Assembly. President Yoon said, "There can be no distinction between ruling and opposition parties when it comes to issues of people's livelihoods and whether companies live or die," and added, "Political strife must stop at the border. Bipartisan cooperation is expected." He also referred to the order given during the Emergency Economic and Livelihood Meeting last October for 'industrial revitalization across all ministries,' stating, "The Ministry of Environment should not be just a regulatory body but should foster the environmental industry. This is a new growth sector, so it must become a ministry that proactively works to develop industry."

Meanwhile, at the meeting, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho reported on the operation plan for the Export Strategy Meeting, and Minister of Trade, Industry and Energy Lee Chang-yang and Minister of Land, Infrastructure and Transport Won Hee-ryong presented regional export strategies and support measures, as well as implementation plans for recent high-level economic diplomacy achievements such as the summit with Saudi Arabia and the ASEAN (Association of Southeast Asian Nations) summit. Attendees discussed measures to support overseas orders and solutions to field difficulties raised by export SMEs and others.

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