Koo Yoon-cheol, the Deputy Prime Minister and Minister of Economy and Finance nominee, said on the 29th, 'The fundamental direction of economic innovation is to manage Korea like a corporation, constructing “Corporation Korea.”'

On the same day, Koo noted during a meeting with government reporters held at the Korea Deposit Insurance Corporation (KDIC) in Jung-gu, Seoul, 'We will push for a great economic innovation for genuine growth.'

He emphasized, 'The true shareholders of Corporation Korea are the citizens of Korea,' adding that 'civil servants are representatives, core employees who must fulfill their duty as good managers based on the wishes of shareholders to manage the national economy.'

President Lee Jae-myung designated Koo as the Deputy Prime Minister and Minister nominee, regarded as the 'economic commander.'

Koo expressed, 'I feel a heavy responsibility as I have been appointed as the first economic Deputy Prime Minister of the new government in a serious situation where the Korean economy faces external shocks such as the global tariff war and technological hegemony competition, along with structural issues like low growth and polarization.'

He identified 'restoration of the people's economy' as his first task. Koo remarked, 'We will do our best to stabilize living prices, which have become a heavy burden on the people due to accumulated high prices,' adding, 'We will revitalize the local economy so that the metropolitan area and the provinces can grow together.'

He further stated, 'We will do our utmost to respond to external uncertainties,' noting, 'We will meticulously push forward tariff negotiations with the United States in conjunction with relevant ministries and closely support the affected tariff sectors.'

He added, 'We will thoroughly prepare for the impacts of geopolitical uncertainties, such as the Iran-Israel war, on our economy's energy, logistics, and exports.'

Koo indicated, 'Under this philosophy of national economic management, we will create new growth engines through focused investment in new industries such as AI and establish a structure where all citizens can participate in the opportunities and fruits of growth, thereby creating a virtuous cycle of national happiness and development.'