Prime Minister Han Duck-soo: "Soaring Prices Stabilize... Export-Led Economic Recovery Becomes Visible"

Prime Minister Han Duck-soo (front) and Deputy Prime Minister and Minister of Education Lee Ju-ho are entering the extraordinary Cabinet meeting held at the Government Seoul Office in Jongno-gu, Seoul, on the afternoon of the 29th.
[Image source=Yonhap News]

Prime Minister Han Duck-soo recently assessed the economic situation, stating, "The soaring inflation rate has somewhat stabilized, and the economic recovery centered on exports is becoming visible."

On the 29th, during the interim Cabinet meeting held at the Government Seoul Office, Prime Minister Han said in his opening remarks, "Despite difficult conditions both domestically and internationally throughout this year, the government has tirelessly worked to prioritize stabilizing people’s livelihoods and revitalizing our economy."

He added, "Foreign direct investment attraction and employment rates have reached record highs, and alongside fiscal soundness, our external credibility is also highly rated. Thanks to unwavering labor-management rule of law, the number of lost workdays and the duration of labor disputes have hit historic lows, and efforts to prepare for demographic changes and climate change are being steadily advanced."

He continued, "In the new year, the government will run hard focusing solely on the people. We will invigorate the private sector, provide stronger support for socially vulnerable groups, and devote even greater efforts to reforms for the future."

Regarding the tax law amendments promulgated at the meeting, Prime Minister Han stated, "These laws were prepared to use precious taxpayers’ money effectively and appropriately without waste." He urged, "All ministries should make thorough preparations to ensure smooth implementation starting from the new year."

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