[Moon 4th Anniversary Speech] Muhyeop, President's Will for 'Manufacturing Innovation and New Industry Promotion' "Desirable Direction"

Expectations for the 4th Anniversary Inaugural Special Address

President Moon Jae-in is answering reporters' questions after delivering a special speech on the 4th anniversary of his inauguration at the Chunuchu-gwan Grand Briefing Room in the Blue House on the 10th. [Image source=Yonhap News]

[Asia Economy Reporter Kim Heung-soon] The Korea International Trade Association (KITA) expressed expectations on the 10th regarding President Moon Jae-in's special speech on the 4th anniversary of his inauguration, which emphasized economic recovery.

Regarding the special speech, KITA commented, "Innovation in manufacturing, fostering new industries and supporting venture vitality, and the national strategic industrialization of core industries are desirable directions for our economy to turn the COVID-19 crisis into an opportunity and move toward recovery, inclusion, and leap forward."

They added, "The recent recovery in export conditions and the expectation of a rapid economic rebound are the results of industry-specific response support based on the government's thorough quarantine management system and the private sector's relentless efforts to pioneer overseas markets. This was possible because the public and private sectors engaged in close dialogue and cooperation. We urge the government to strengthen communication with companies and take the lead in regulatory innovation and institutional support during the remaining term."

KITA also stated, "The trade industry will do its utmost to lead digital innovation and the reorganization of global supply chains to accelerate the transition to a leading economy in the post-COVID-19 era."