Acting Minister of Economy and Finance Lee Hyung-il said on the 16th, "The Ministry of Economy and Finance must fulfill its role as the economic control tower" and emphasized, "Please prepare the direction of the new government's economic policy diligently."
The acting minister made these remarks at an enlarged executive meeting attended by key officials including Directors General and heads of divisions of the Ministry of Economy and Finance at Government Sejong Center at 9 a.m. that day.
He also urged, "In the midst of serious domestic and international economic conditions such as delayed domestic recovery due to psychological contraction, global trade wars, and heightened tensions in the Middle East, I ask the Ministry of Economy and Finance staff to approach their work with a new resolve and attitude."
He emphasized, "Expertise and initiative from the Ministry of Economy and Finance are urgently needed to overcome the current situation."
Meanwhile, the acting minister reviewed the new government's supplementary budget proposal aimed at economic revitalization and recovery of livelihoods, as well as key issues related to inflation and real estate during the meeting.
He also instructed to closely monitor the trends in the real economy and financial markets, and to ensure thorough management of the situation in preparation for the expansion of military tensions in the Middle East.