Gist of S. Korea’s 2023 economic policy plan

SEOUL– The following are the key economic policy measures planned for next year. The measures are aimed at “overcoming challenges” and “revitalizing the economy.”

Stable management of macroeconomic factors

— Combining macroeconomic policies

— Stabilizing financial market

— Coping with underlying risks

— Soft landing of property market

— Coping with energy crisis

Supporting recovery of people’s livelihoods

— Stabilizing prices

— Reducing burdens of living costs

— Enhancing welfare for the vulnerable

— Stabilizing employment

— Enhancing support for small business owners

Revitalization led by private sector

— Invigorating exports

— Promoting investment, revamping regulations

— Promoting the New Growth 4.0 Strategy

— Vitalizing small and midsized firms, startups

— Building fair market

Improving fundamentals to prepare for future

— Implementing three (labor, education, pension) structural reforms

— Implementing three (finance, service, public) economic innovations

— Coping with population crisis, climate change

— Bolstering economic security

— Seeking harmony, balanced development of regions

Source: Yonhap News Agency

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