Park Seong-taek, New 1st Vice Minister of Industry, "The Ministry of Industry Will Lead Efforts to Minimize 'Uncertainty' in the Business Environment"

Park Seong-taek, the 1st Vice Minister of the Ministry of Trade, Industry and Energy, stated on the 5th, "The Ministry of Trade, Industry and Energy will take the lead in minimizing the 'uncertainty' in the business environment."

In his inaugural speech on the same day, Vice Minister Park said, "Unnecessary regulations are bad, but uncertain regulations that can change unpredictably are worse."

Park Sung-taek, 1st Vice Minister of the Ministry of Trade, Industry and Energy. (File photo)

Vice Minister Park emphasized that he would raise his voice on major issues related to businesses. He said, "The Ministry must take the initiative to ensure that all systems are designed and implemented from the perspective of freedom of business activities, growth, and creation of quality jobs. In particular, trade risks and supply chain risks are not problems that companies can solve on their own; the government must take responsibility and assist, and the Ministry of Trade, Industry and Energy should be at the center of this."

He also stressed inter-ministerial collaboration. Vice Minister Park said, "Most national tasks require multiple ministries to work as a team to achieve speed and creative solutions. The Ministry of Trade, Industry and Energy, the Ministry of SMEs and Startups, the Ministry of Science and ICT, the Ministry of Employment and Labor, and other related ministries must form a tight-knit vanguard to jointly support innovation in the industrial ecosystem."

Finally, Vice Minister Park said, "The Ministry of Trade, Industry and Energy is not competing with other ministries located in the building next to the Sejong Government Complex, but its true competitors are the U.S. Department of Commerce and Japan's Ministry of Economy, Trade and Industry. As the saying goes, 'Know yourself and know your enemy, and you will never be defeated.' We must always know how they think and in which direction they are moving as if knowing the palm of our hand."

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