Kim Yunsang, 2nd Vice Minister of Economy and Finance, "Will Expand Execution Scale by 20% in the First Half of the Year"

The 3rd Joint Fiscal Execution Review Meeting of Related Ministries

Kim Yunsang, Vice Minister of Strategy and Finance, stated, "We will expand the execution scale in the first half of the year by 20% compared to the same period last year," and added, "For private investment projects, we will establish an execution plan at the level of 5.7 trillion won, the largest scale in the past five years."

Kim Yunsang, 2nd Vice Minister of Strategy and Finance [Image source=Yonhap News]

On the 1st, Vice Minister Kim Yunsang chaired the 3rd Joint Fiscal Execution Inspection Meeting of Related Ministries at the Government Seoul Office and discussed the status check and management plans for private investment project execution in 2024.

The Vice Minister emphasized, "The government will swiftly execute fiscal SOC projects, public institution SOC investments, and private investment projects in the first half of the year to alleviate the sluggish construction market at the beginning of the year." He continued, "In line with fiscal and public institution investment sectors, we plan to execute 2.7 trillion won in the first half of the year, a 20% increase compared to the same period last year, to contribute to economic recovery."

Furthermore, he said, "We have selected 17 projects related to national tasks or with large execution scales as priority management targets to closely monitor execution performance, and for projects with sluggish execution, the competent authorities and the Ministry of Strategy and Finance will actively seek solutions to resolve the causes of the delays."

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