Gov’t, ruling party stick to ‘income-driven’ growth policy

SEOUL, Sept. 1 (Yonhap) -- The South Korean government and the nation's ruling party agreed Saturday to maintain the policy of boosting economic growth with a focus on expanding the income of ordinary people.

The decision was made in spite of growing criticism of the signature policy of the left-leaning Moon Jae-in administration amid slower-than-expected job creation.

In an unprecedented gathering of all ruling party lawmakers, Cabinet members and presidential officials, the participants also agreed to seek ways to minimize the impact from the "change of a paradigm," according to a press briefing on the results of the session presided over by the president.

They also reaffirmed a determination to get the April 27 inter-Korean summit deal ratified by the National Assembly in a bid to drum up public support for the implementation of it, which requires state budget spending.

Source: Yonhap News Agency

Gov’t, ruling party stick to ‘income-driven’ growth policy

SEOUL, Sept. 1 (Yonhap) -- The South Korean government and the nation's ruling party agreed Saturday to maintain the policy of boosting economic growth with a focus on expanding the income of ordinary people.

The decision was made in spite of growing criticism of the signature policy of the left-leaning Moon Jae-in administration amid slower-than-expected job creation.

In an unprecedented gathering of all ruling party lawmakers, Cabinet members and presidential officials, the participants also agreed to seek ways to minimize the impact from the "change of a paradigm," according to a press briefing on the results of the session presided over by the president.

They also reaffirmed a determination to get the April 27 inter-Korean summit deal ratified by the National Assembly in a bid to drum up public support for the implementation of it, which requires state budget spending.

Source: Yonhap News Agency