SEOUL– The following are the key economic policy goals under the government of President Yoon Suk-yeol. The economic policy road map centers on deregulation and tax cuts in a bid to support the economic growth led by the private sector.
Revitalizing economic growth led by private sector
— to ease regulations, boost corporate vitality
— to expand corporate investment, create jobs
— to nurture small and venture firms
— to establish fair market principles
Upgrading economic fundamentals via structural reform
— to revamp public sector, state pension fund
— to reform labor market
— to carry out education reform
— to seek innovation in the financial and service industries
Laying groundwork for ‘pace-setting’ economy
— to seek innovation with science technology, research & development
— to foster cutting-edge strategic industries
— to tackle changes in demographic structure
— to achieve goal of carbon neutrality, fight climate change
Promoting shared values
— to strengthen social safety net
— to expand window of opportunities for work
— to upgrade welfare system
— to promote balanced regional development
Source: Yonhap News Agency