First Vice Minister of Economy and Finance: "Swift Implementation of Lunar New Year Measures to Promote Economic Recovery"

Yonhap News

On January 10, First Vice Minister of Economy and Finance Kim Beomseok stated, "We will swiftly and seamlessly implement measures for the Lunar New Year holiday and this year's economic policy direction to promote the recovery of the people's livelihoods and the economy."

Chairing the 50th Vice Ministerial Meeting on Economic Affairs and the Economic and Financial Situation Task Force (TF) meeting at the Government Complex Seoul on this day, Vice Minister Kim said, "Amid rapidly changing global trade conditions, the uncertainty surrounding our economy is greater than ever due to factors such as the launch of the new U.S. administration and the domestic political situation."

He added, "To this end, each ministry should expedite the implementation of policy tasks included in the 2025 economic policy direction as quickly as possible. In particular, for major tasks related to people's livelihoods and the economy, please accelerate progress even faster than the existing schedule to ensure the public can feel the impact."

He also requested, "For legislative tasks, please communicate closely with the National Assembly to ensure that legislation can be enacted as soon as possible."

Referring to the 2025 Lunar New Year holiday measures announced the previous day, Vice Minister Kim emphasized, "We will ensure their seamless implementation. Each ministry must make every effort so that this Lunar New Year can ease burdens and bring greater vitality by stabilizing prices of key goods, alleviating burdens on people's livelihoods, revitalizing domestic tourism, and ensuring 24-hour safety."

At the TF meeting, which was attended by the Ministry of Justice, Ministry of Land, Infrastructure and Transport, Fair Trade Commission, Financial Services Commission, and others, participants reviewed recent trends in domestic and international financial and foreign exchange markets, as well as the real economy, and discussed response measures.