Vice Minister Ki Jae: "Saemaeul Geumgo Government Fully Supports... No Grounds for Concern"

Bang Gi-seon, the 1st Vice Minister of the Ministry of Economy and Finance, recently stated on the 7th that there is "no need to be excessively concerned" regarding the recent concerns about the soundness of Saemaeul Geumgo.

On the same day, Vice Minister Bang held the 27th Emergency Economic Vice Ministers' Meeting and the 7th Job Task Force (TF) Meeting at the Government Seoul Office, saying, "The overall soundness and liquidity of Saemaeul Geumgo are excellent, and the government is fully supporting it."

Bang Gi-seon, Vice Minister of Strategy and Finance, is speaking at the '27th Emergency Economic Vice Ministers' Meeting and the 7th Job Task Force (TF) Meeting' held on the morning of the 7th at the Government Seoul Office in Jongno-gu, Seoul.

Vice Minister Bang explained, "Like other financial institutions, deposits under 50 million won are protected," and added, "In the case of some credit union mergers, deposits exceeding 50 million won are fully guaranteed." The government will restore deposits and savings accounts that were prematurely terminated between the 1st and 6th by re-depositing them by the 14th with the same initial subscription conditions, including interest rates and tax exemption benefits.

Regarding the recent economic situation, Vice Minister Bang emphasized, "As our economic conditions such as inflation, employment, and exports are gradually improving, we will swiftly implement the 'Second Half Economic Policy Direction' so that the second half of this year can become a turning point for overcoming the crisis and economic leap." He added, "In particular, efforts to stabilize prices will continue through measures such as expanding government stockpiles of seafood and increasing the low-tariff quota (TRQ) for onions to further solidify price and employment stability."

The government also announced plans to release the 'Second Plan to Resolve Job Vacancies' next week. Vice Minister Bang explained, "To resolve labor shortages in industrial sites, we have prepared the 'Second Plan to Resolve Job Vacancies,' which includes customized support tasks for four industries: construction, shipping, fisheries, and resource circulation, and it will be announced at the Emergency Economic Ministers' Meeting chaired by the Deputy Prime Minister next week."

This plan supplements the job vacancy resolution plan announced last March by adding four additional supported industries, making it the second measure. The existing six target industries for the job vacancy resolution plan are manufacturing (shipbuilding and root industries), logistics and transportation, health and welfare, restaurants, agriculture, and overseas construction. Four industries, including construction, have been added. These ten industries are reported to be experiencing particularly severe labor shortages. As of May, the total number of job vacancies was 214,000, a decrease of 11,000 compared to the same month last year, but labor shortages persist in actual industrial sites.

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