President Moon chairs meeting to inspect S. Korea's economic policy direction for 2019
- 5 years ago
문대통령, 국민경제자문회의 주재…내년도 경제정책방향 점검
President Moon Jae-in spoke to his economic advisors today.
He mentioned the government is looking into new economic policies... to try and boost growth.
Manufacturing has long been the main engine, and what the sector needs now... is innovation.
Hwang Hojun shares with us his remarks. According to the South Korean President, the nation's economy desperately needs a jump-start,... and the key to it is industrial innovation.
"We urgently need to innovate and advance the manufacturing industry, our country's traditional driving force, to increase our competitiveness. Innovation is also urgent in the economy to create an engine for future growth."
President Moon Jae-in was speaking Wednesday afternoon in a general meeting of the National Economic Advisory Council.
According to the Blue House, the objective of the meeting was for the President, along with his economic advisers and ministers, to discuss and take a closer look at the economic policy direction for the new year.
"Today, we hear a lot of concerns about the Korean economy being in a downturn, and some even saying the future is bleak. I hope there will be a good discussion today about how the Korean economy can be revived and ways we can work hard for the future."
Presidential economic advisor, Kim Hyun-chul, who visited the Blue House press center after the meeting, said the council called for mid to-long-term strategies to bring about industrial innovation that can overcome the current difficulties and secure future growth engines.
Several tasks for the government were proposed during the meeting; investing in people, establishing future-oriented relations between labor and management, narrowing the focus of core technologies, actively pursuing regulatory reform, and cultivating an environment friendly for entrepreneurship.
The council also suggested creating an active communication channel between the government... and industries, academia and labor.
Instead of using and upgrading existing technologies, the South Korean President insisted that it's time for a new economic model -- innovation, which would create new value... and enable the country to take the lead in global industry.
Hwang Hojun Arirang News.
President Moon Jae-in spoke to his economic advisors today.
He mentioned the government is looking into new economic policies... to try and boost growth.
Manufacturing has long been the main engine, and what the sector needs now... is innovation.
Hwang Hojun shares with us his remarks. According to the South Korean President, the nation's economy desperately needs a jump-start,... and the key to it is industrial innovation.
"We urgently need to innovate and advance the manufacturing industry, our country's traditional driving force, to increase our competitiveness. Innovation is also urgent in the economy to create an engine for future growth."
President Moon Jae-in was speaking Wednesday afternoon in a general meeting of the National Economic Advisory Council.
According to the Blue House, the objective of the meeting was for the President, along with his economic advisers and ministers, to discuss and take a closer look at the economic policy direction for the new year.
"Today, we hear a lot of concerns about the Korean economy being in a downturn, and some even saying the future is bleak. I hope there will be a good discussion today about how the Korean economy can be revived and ways we can work hard for the future."
Presidential economic advisor, Kim Hyun-chul, who visited the Blue House press center after the meeting, said the council called for mid to-long-term strategies to bring about industrial innovation that can overcome the current difficulties and secure future growth engines.
Several tasks for the government were proposed during the meeting; investing in people, establishing future-oriented relations between labor and management, narrowing the focus of core technologies, actively pursuing regulatory reform, and cultivating an environment friendly for entrepreneurship.
The council also suggested creating an active communication channel between the government... and industries, academia and labor.
Instead of using and upgrading existing technologies, the South Korean President insisted that it's time for a new economic model -- innovation, which would create new value... and enable the country to take the lead in global industry.
Hwang Hojun Arirang News.