▲ Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol presides over the Emergency Economic Headquarters Meeting and the Meeting of Economic Ministers held at the Government Complex Sejong in Sejong City on July 3.
The government plans to select and announce specialized growth engines for each region to promote balanced regional development and provide full-scale support.
"The government will select growth engines that leverage the characteristics and potential of each of the 5 megaregions and 3 special zones, and provide comprehensive support through a seven-part package including fiscal, financial, tax, regulatory, and talent development measures," said Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol.
During the Emergency Economic Headquarters Meeting and the Meeting of Economic Ministers held at the Government Complex Sejong this morning (July 3), Deputy Prime Minister Koo stated, "The key to staying ahead in the global national total war is not the saturated capital area, but the regions."
Based on the discussions held today, Deputy Prime Minister Koo announced that the government will select the optimal growth engines by considering the demands of local governments and the opinions of businesses, with an announcement expected in the near future.
"To build a 'Super-Gap' Republic of Korea, we will push forward at full speed with three mega-projects: semiconductors, data centers, and physical AI," Koo said.
Noting that exports in the first half of the year increased by 48.4% compared to the same period last year, reaching an all-time high, he assessed, "Our economy is successfully overcoming the waves of the Middle East conflict, driven by an unprecedented export boom while stably managing internal and external risk factors."
However, regarding the recent surge in exchange rates and high inflation, he stated, "Volatility in the foreign exchange and financial markets continues, and the cost of living remains difficult as consumer prices rose by 3.2% in June." He added, "We have been implementing livelihood support measures to respond to inflationary pressures, slowing employment, and increased volatility in exchange rates and interest rates with a sense of urgency, and we will continue to do so even more swiftly."
(Photo: Yonhap News)
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