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Pres. Moon calls on financial sector to work actively to improve lives Updated: 2019-05-16 19:08:01 KST

President Moon called for more drastic financial measures in areas where people could not feel improvements in quality of life.
He chaired a top-level finance strategy meeting this afternoon to discuss financial strategies for the future.
During the third such session under his administration Moon emphasized the need to actively address the issue of employment and social safety nets.

"We urgently need to solve our society's structural problems, such as low growth, polarization, employment, the low birthrate, and the aging society. We need finance to play a greater role than ever. If the financial sector does not actively respond, we will have to pay a bigger price in the future."

The South Korean leader reiterated the need to get parliament resuming normal function, emphasizing the longer the extra budget plan is delayed, the less effective it will be.
Today's meeting brought together the entire Cabinet, including Prime Minister Lee Nak-yon and Finance chief Hong Nam-ki, as well as officials from major economic organizations and the top office.
For the first time it was held at Sejong City, to cement its position as the center of administration.
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