Korean Prime Minister: "Achieved $700 Billion in Exports and $57 Billion in Overseas Orders This Year"

National Future Strategy Institute 2nd Anniversary Forum
South Korea "Our Economy's Decisive Battleground Is Ultimately Overseas Markets"
Exports and Overseas Expansion Based on Global Cooperation
Supporting Advanced Industry Technology Super-Gap and Talent Innovation

Prime Minister Han Duck-soo emphasized on the 6th that "the decisive factor for our economy to rise significantly once again ultimately lies in overseas markets," highlighting this year's record-high export target of 700 billion dollars and overseas orders goal of 57 billion dollars.

At a commemorative dialogue marking the 2nd anniversary of the National Future Strategy Institute held at Seoul National University, Prime Minister Han stated in his congratulatory speech, "Based on the export recovery trend continuing since last year and the significant achievements in overseas orders in sectors such as nuclear power and defense, we aim to achieve a record-high export of 700 billion dollars and overseas orders of 57 billion dollars this year."

This plan is based on the global cooperation that the government has focused on so far to support the export and overseas expansion of Korean companies. Prime Minister Han explained, "To this end, we will expand the global economic cooperation network and strategically utilize the greatly increased ODA (Official Development Assistance) to actively support our companies' entry into overseas markets."

Regarding conflicts occurring in the international community such as nationalism and protectionism, the US-China competition, the Russia-Ukraine war, and the Israel-Hamas armed conflict, he emphasized, "Amid increasing global economic uncertainties, solidarity and cooperation with the world are very important to overcome these challenges."

He also highly evaluated the Korea-US alliance and the normalization of Korea-Japan relations, mentioning, "We are strengthening the foundation of economic security and minimizing the negative impacts of supply chain disruptions on our companies."

Furthermore, he stressed, "The semiconductor alliance established through President Yoon’s state visit to the Netherlands will serve as a solid foundation to strengthen the economic security of both countries while realizing a technological super-gap," adding, "We will focus on supply chain stability through the Supply Chain Basic Act, which will be enforced starting June this year."

Prime Minister Han Duck-soo, preparing for doctors' collective action, visited the National Police Hospital in Songpa-gu, Seoul on the 21st and held a meeting with medical staff including Kim Jin-hak, director of the Police Hospital. Photo by Heo Young-han younghan@

Regarding advanced industries including semiconductors, Prime Minister Han introduced, "Since its launch, our government has been making every effort to foster advanced industries as future growth engines," adding, "Through this, we aim to realize a technological super-gap and take the lead in the era of technological hegemony competition."

He continued, "We will also thoroughly prepare to leap forward as a space power based on the Special Act on the Space and Aeronautics Agency enacted this year," and added, "We will accelerate regulatory reforms and financial tax resources."

On securing talent for advanced industries, he promised, "The success or failure of fostering advanced industries depends on talent development," and pledged, "We will strategically nurture advanced industry talent focusing on core fields and actively support talent innovation led by companies through the Advanced Industry Talent Special Act."

Additionally, Prime Minister Han pledged to work on bold structural reforms to address the population crisis and regional extinction, emphasizing in particular, "We will approach medical reform, which is directly related to the lives of the people, with an open attitude but carry it out decisively."

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