Government and Six Economic Group Leaders Meeting: "Investment Express to Launch Next Month"

On the 24th, participants are taking a commemorative photo at the "Meeting between Ministers of Related Ministries and Heads of Six Economic Organizations for Investment Activation" held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul. (From left) Park Seong-taek, 1st Vice Minister of the Ministry of Trade, Industry and Energy; Kim Chang-beom, Executive Vice President of the Korea Economic Association; Lee Hyung-hee, Vice Chairman of the Seoul Chamber of Commerce and Industry; Oh Young-joo, Minister of the Ministry of SMEs and Startups; Kim Ki-moon, Chairman of the Korea Federation of SMEs; Choi Sang-mok, Deputy Prime Minister and Minister of Economy and Finance; Son Kyung-sik, Chairman of the Korea Employers Federation; Kim Wan-seop, Minister of the Ministry of Environment; Choi Jin-sik, Chairman of the Korea Association of Mid-sized Enterprises; Lee In-ho, Vice Chairman of the Korea International Trade Association; Jin Hyun-hwan, 1st Vice Minister of the Ministry of Land, Infrastructure and Transport. Photo by Heo Young-han younghan@

The government met with the heads of six economic organizations to discuss measures to revitalize private investment. To accelerate the sluggish domestic demand recovery, the government will hold the first Investment Activation Ministerial Meeting next month and announce investment measures to promote construction, venture, and private investment.

On the 24th, the Ministry of Economy and Finance announced that Choi Sang-mok, Deputy Prime Minister for Economy and Minister of Economy and Finance, met with the heads of six economic organizations at the Korea Chamber of Commerce and Industry to discuss ways to activate investment.

The event was attended by ministers and vice ministers from the Ministry of Environment, Ministry of SMEs and Startups, Ministry of Trade, Industry and Energy, and Ministry of Land, Infrastructure and Transport, as well as Son Kyung-sik, Chairman of the Korea Employers Federation, Kim Ki-moon, Chairman of the Korea Federation of SMEs, and Choi Jin-sik, Chairman of the Korea Association of Mid-sized Enterprises, among other leaders of the six organizations.

Deputy Prime Minister Choi emphasized, "We will work harder to accelerate domestic demand recovery through tailored support," adding, "We will actively support efforts to further activate investment."

Starting next month, the government will fully launch the Investment Express, where vice ministers from related ministries listen to voices from the field. Next week, the first Economic Relations Ministerial Meeting combined with the Investment Activation Ministerial Meeting will be held to announce investment measures to promote construction, venture, and private investment. In November, economic penalty regulations and new industry regulations will also be improved.

Tax reforms to provide investment incentives, such as abolishing the limit on mutual aid for startups and relocating companies in opportunity development zones and supporting tax benefits for business succession, will be steadily promoted. To address manpower shortages such as the overseas outflow of highly skilled engineers, plans will be made to support the return of outstanding overseas talent to Korea.

The government pledged to complete the '4+1 structural reforms' in pensions, healthcare, labor, and education through gathering opinions from the economic sector and forming social consensus.

To revitalize domestic demand, the government requested that employees be fully guaranteed leave on October 1, designated as a temporary holiday, and encouraged member companies to participate in the Korea Sale Festa.

On this day, the heads of economic organizations requested the government to make groundbreaking regulatory improvements to create an investment-friendly environment and provide exceptional support for investment in advanced technology and facilities. They also proposed improvements to labor-related systems, including flexible working hours and continuous employment.

Deputy Prime Minister Choi said, "I hope this occasion will serve as a starting point for the public and private sectors to become a dynamic team working in tandem," and urged, "Please show even bolder entrepreneurial spirit to solidify the recovery of investment."

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