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Vice Minister Gi Jae: "Activation of Senior Residences in Super-Aged Society... Announcement Soon"

Vice Minister Gi Jae: "Activation of Senior Residences in Super-Aged Society... Announcement Soon" Kim Beom-seok, Vice Minister of Strategy and Finance, is delivering opening remarks at the '43rd Economic Relations Vice Ministers' Meeting' held on the morning of the 19th at the Government Seoul Office in Jongno-gu, Seoul.

Kim Beom-seok, First Vice Minister of the Ministry of Economy and Finance, announced on the 19th that "plans are being prepared to revitalize senior residences in response to the upcoming super-aged society."


At the Economic Vice Ministers' Meeting held at the Government Seoul Office Building that day, Vice Minister Kim said, "After gathering opinions from silver industry experts, senior town operators, and residents, we will strengthen consumer choice and expand housing supply that provides housekeeping and care services." He also announced that related measures will be finalized and announced soon.


Regarding the Dynamic Economy Roadmap, he stated, "Recently, we achieved the highest rankings ever in the International Institute for Management Development (IMD) World Competitiveness Ranking and the Organisation for Economic Co-operation and Development (OECD) Product Market Regulation (PMR) index," adding, "We will continue to strengthen national competitiveness through cross-ministerial collaboration on regulatory innovation and improvement of the business environment."


He further emphasized, "In the World Bank's Ease of Doing Business evaluation, South Korea has ranked in the top 5 overall for six consecutive years and has now been included as a secondary evaluation country," stressing, "We will strive to achieve better results in the upcoming evaluation to be announced next year."


In this regard, he added that starting next month, a 'Business Environment Evaluation Task Force (TF)' will be launched, focusing on improving the business environment in the newly added labor and market competition sectors as well as the financial sector, which has received relatively low evaluations so far.


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