Minister Park Hong-geun of the Ministry of Planning and Budget chairs a full meeting of the Mid- to Long-Term Strategy Committee on April 22 at the Korea Press Center in Jung-gu, Seoul. [Photo=Ministry of Planning and Budget]
Minister Park Hong-geun of the Ministry of Planning and Budget said April 22 that the government’s mid- to long-term national development strategy, “Vision 2045,” being prepared for release by year’s end, will “clearly differentiate itself from existing mid- and long-term plans.”
Park made the remarks at a full meeting of the 7th Mid- to Long-Term Strategy Committee at the Korea Press Center in Jung-gu, Seoul. It was his first time attending the committee since taking office.
He said South Korea is facing “complex and structural crises,” including a major shift driven by artificial intelligence, low growth, the climate crisis and regional population decline. Responding to structural problems, he said, requires setting clear directions and goals and pursuing them consistently.
Park also cited “Vision 2030,” announced in 2006, saying it produced results that carried into actual policies such as child allowances and the earned income tax credit, but had limits, including in its timing and fiscal investment plans.
“It is important to build a mid- to long-term national development strategy that looks 20 to 30 years ahead through a whole-of-government approach by bringing together the public’s capabilities,” Park said. He added that detailed steps for policy tasks now being discussed by the 7th committee will later be reflected in the national strategy.
Kwon Oh-hyun, chair of the 7th committee, said the current system was effective through the industrialization era and in helping the country join the ranks of advanced nations, but has limits in enabling a leap to become a global leading country. He urged the government to step up regulatory reform.
Park made the remarks at a full meeting of the 7th Mid- to Long-Term Strategy Committee at the Korea Press Center in Jung-gu, Seoul. It was his first time attending the committee since taking office.
He said South Korea is facing “complex and structural crises,” including a major shift driven by artificial intelligence, low growth, the climate crisis and regional population decline. Responding to structural problems, he said, requires setting clear directions and goals and pursuing them consistently.
Park also cited “Vision 2030,” announced in 2006, saying it produced results that carried into actual policies such as child allowances and the earned income tax credit, but had limits, including in its timing and fiscal investment plans.
“It is important to build a mid- to long-term national development strategy that looks 20 to 30 years ahead through a whole-of-government approach by bringing together the public’s capabilities,” Park said. He added that detailed steps for policy tasks now being discussed by the 7th committee will later be reflected in the national strategy.
Kwon Oh-hyun, chair of the 7th committee, said the current system was effective through the industrialization era and in helping the country join the ranks of advanced nations, but has limits in enabling a leap to become a global leading country. He urged the government to step up regulatory reform.
* This article has been translated by AI.
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