Koo Yooncheol Calls for Revitalizing Corporate Vitality and Transition to a Super-Innovative Economy

Presiding Over the First Expanded Executive Meeting
Emphasizing the "AI-Driven Transformation"

Deputy Prime Minister and Minister of Economy and Finance Koo Yooncheol stated, "Now is the time to devote all our efforts to building a super-innovative economic ecosystem for genuine growth," and strongly called for a transition to a super-innovative economy focused on enhancing corporate competitiveness and an AI-driven transformation.

On August 4, at the Government Complex Seoul, Deputy Prime Minister Koo presided over an expanded executive meeting with the first and second vice ministers, directors-general, bureau chiefs, and key senior officials of the Ministry of Economy and Finance. Referring to recent customs negotiation experiences, he emphasized, "A super-innovative economic foundation that remains unshaken by external shocks is urgently needed."

He particularly stated, "We must select key items for the super-innovative economy, such as the AI-driven transformation, and ensure that all economic actors collaborate to achieve tangible results within a short period." To this end, he added that companies should take the lead, the relevant ministries should work closely with related agencies, and the Ministry of Economy and Finance should provide support, with each party fulfilling its designated role.

Deputy Prime Minister Koo also called for the prompt establishment of a concrete action plan to achieve a super-innovative economy. He stressed the need to enable companies to gain the confidence to compete proudly with global enterprises by rationalizing economic penalties and improving regulations. He instructed that these points be reflected in the soon-to-be-announced "New Government Economic Growth Strategy" and the "2026 Budget Proposal."

During the meeting, the creation of a policy environment to revitalize corporate vitality was discussed, along with strengthening the internal culture and capabilities of the Ministry of Economy and Finance. Deputy Prime Minister Koo said, "We must reduce unnecessary internal tasks and establish a performance-oriented work system," and requested, "Increase the use of AI and activate a culture of idea-sharing within the organization."

He also encouraged employees to actively take summer vacations and emphasized, "The core of all policy thinking is in the field," highlighting the importance of field communication and expert collaboration regarding major policy tasks.

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