Choi Sang-mok "Inspecting Livelihood Sites... Thoroughly Preparing for a Major Shift in Trump’s Second-Term US Policy"

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, is presiding over the expanded executive meeting of the Ministry of Economy and Finance at the Government Complex Sejong on the 25th.

Choi Sang-mok, Deputy Prime Minister for Economy and Minister of Strategy and Finance, urged key officials of the Ministry of Strategy and Finance on the 25th to carefully monitor the livelihood sites and thoroughly prepare for external uncertainties such as the inauguration of the new U.S. administration.

At the expanded meeting of the Ministry of Strategy and Finance on the same day, Deputy Prime Minister Choi said, "Since the perceived economy may diverge from the indicators, I ask the Ministry of Strategy and Finance employees to re-examine whether they have been neglecting understanding the livelihood sites by being obsessed with numbers or statistics."

He added, "To prevent a gap between the field and policy, the livelihood sites must be the starting point of policy," and instructed, "Please humbly listen to the voices from the field and prepare policies that can enhance public perception in measures to strengthen additional support for small business owners, next year's economic policy direction, and plans to overcome polarization."

He also requested, "Please approach the parliamentary negotiations on next year's budget and tax law amendments with the same attitude." Deputy Prime Minister Choi announced that as his first step, he plans to visit livelihood sites directly with key officials on the 26th.

He urged focusing capabilities on responding to uncertainties such as policy changes following the inauguration of Donald Trump's second term. Deputy Prime Minister Choi stated, "I ask the Ministry of Strategy and Finance to take the lead in responding to the waves of uncertainty in the global security landscape," and mentioned, "We must have a more serious awareness of the economic situation and thoroughly prepare around the three pillars of finance and foreign exchange, trade, and industry in response to the external uncertainties caused by the policy shift following the inauguration of the new U.S. administration."

He ordered, "To turn crisis factors into opportunities, Ministry of Strategy and Finance employees should work with greater tension and take the initiative in their duties."