Deputy Prime Minister Koo Yooncheol Holds First Executive Meeting; Inauguration Ceremony Scheduled for Tomorrow

Officially Takes Office on the 19th
Orders Preparations for U.S. Tariff Negotiations, Tax Reform, and New Economic Policy Direction

New Deputy Prime Minister and Minister of Economy and Finance Koo Yooncheol presided over an executive meeting and inspected the damage from heavy rainfall as his first official duty after taking office.

The Ministry of Economy and Finance announced that on July 19 at around 5:00 p.m., Deputy Prime Minister Koo urgently convened a meeting of first-level executives to review the damage caused by the heavy rains and to examine the fiscal support system.

The ministry reported that Deputy Prime Minister Koo instructed thorough preparations to ensure that disaster recovery and support for flood victims are carried out as quickly as possible in the field, through close cooperation with relevant ministries.

He also ordered that disaster prevention projects be expanded as much as possible when formulating next year's budget proposal.

In addition, he directed officials to make every effort in the ongoing U.S. tariff negotiations, in setting the direction of economic policy reflecting the new administration's governance principles, and in preparing tax reform and the budget proposal.

Deputy Prime Minister Koo officially began his term on this day after receiving his appointment from President Lee Jaemyung on July 18.

On July 20, starting at 9:30 a.m., an inauguration ceremony and a meeting with staff are scheduled to be held in the main auditorium of Building 6 at the Sejong Government Complex, with all Ministry of Economy and Finance employees in attendance.

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