Deputy Prime Minister Choi Sang-mok: "Ministry of Economy and Finance Officials, Become Guardians of Prices"

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, is presiding over an expanded executive meeting at the Government Seoul Office in Jongno-gu, Seoul, on the 18th. Photo by Ministry of Economy and Finance

Choi Sang-mok, Deputy Prime Minister for Economy and Minister of Strategy and Finance, instructed the Ministry of Strategy and Finance officials to "approach their duties with a sense of tension and determination to become guardians of price stability."

On the 18th, Choi held an expanded executive meeting at the Government Seoul Office in Jongno-gu, Seoul, attended by all key officials below the vice minister level, emphasizing, "Prices are at the core of people's livelihoods, and when prices are high, it becomes difficult for other livelihood policies to be felt effectively."

Choi assessed the recent price situation as "serious" and urged, "Since the recovery of the real economy is slow, all employees must respond with a sense of urgency and thoroughness." He requested, "All staff should think of themselves not as spectators but as players on the field regarding price issues, making their best efforts in all processes including developing policy ideas for price stabilization, executing policies, and conducting inspections."

Choi also stated that to achieve a balanced economic recovery between exports and domestic demand, measures to revitalize investments in sectors such as construction, local regions, and enterprises should be promptly prepared, and proactive responses should be made to the impacts that election results in major countries may bring.

Regarding the recent regular personnel appointments, he ordered that the best efforts be made to ensure thorough handovers so that no disruptions occur during the execution of duties.