March 26, 2019

Gist of Korea’s H2 economic policy plan

PUBLISHED : July 18, 2018 - 11:17

UPDATED : July 18, 2018 - 14:38

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] The following are the key economic policy measures planned for the second half of the year aimed at propping up growth in Asia‘s fourth-largest economy, expanding the social safety net and improving job creation.

Improving job conditions, income distribution

- to increase social safety net and accelerate support for the underprivileged class
- to map out a set of fresh measures to create more jobs
- to expand social infrastructure to raise quality of life
- to take measures to help key economic policies make soft landing

Accelerating innovative growth

- to draw up comprehensive plans for deregulation
- to provide more support for startups and corporate investment
- to promote innovation overall in sectors, such as services and agriculture
- to nurture fourth industrial revolution-related industries

Boosting fair economy, market regulation

- to accelerate the legalization of reform-centered scheme, such as electronic voting
- to beef up crackdown on unfair business practices
- to strengthen support for the financially weak and the underprivileged class
- to facilitate fair distribution between large firms and smaller ones, as well as smaller firms and workers

Invigorating macroeconomy

- to boost domestic demand by pouring 4 trillion won into the economy via state-run firms
- to maintain expansionary fiscal stance for mid-to-long haul
- to take preemptive measures against internal and external risks, such as trade row and expected rate hikes in the US.

By Song Seung-hyun and newswires (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. 아 04099