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Moon optimistic over Korean economy in New Year, promises to keep recovery momentum Updated: 2020-01-20 17:28:35 KST

President Moon Jae-in is confident about the nation’s economy this year,… fueled by what he called positive economic figures.
President Moon, in a weekly meeting with his top aides:

“In the new year, we are seeing indications that our economy is getting better and bouncing back. What stands out the most is the favorable export figures."

In the first 10 days of this year, exports were up 5.3 percent… thanks to a rise in shipments of semiconductors they were up point 6 billion U.S. dollars on year to around 13.3 billion dollars.
Also supporting that confidence,… what the president said was “reviving sentiment.”

Korea's consumer sentiment about the economy stayed slightly above 100 points in November and December, meaning optimists outnumbered pessimists.
The president said his administration will actively try to maintain that upward trend,… and stressed that the government will work to nurture new industries for future growth and help expand the boom in startups.
The president also promised to accelerate his administration’s push for “innovative growth,” an idea shared by his newly inaugurated prime minister, Chung Sye-kyun.
When they held their weekly meeting earlier in the day, the president and the PM agreed on the importance of regulatory reform to invigorate the economy.
The Prime Minister stressed that he plans to mobilize all possible means to solve regulatory issues in newly booming industries like big data and bio-health.
The president also added that his government will continue working to boost “inclusiveness” in society,… by expanding welfare services and the social safety net.

“Also with the Lunar New Year holiday starting Friday and millions of Koreans due to travel over the four-day weekend, the president called for the authorities to thoroughly look into safety measures regarding transport and other infrastructure.
Shin Se-min, Arirang News."
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