Koo Yoon-cheol, Deputy Prime Minister and Minister of Economy and Finance, emphasized the need to advance innovation and structural reform to improve the economy's fundamentals and establish a foundation for a rebound in potential growth rates.
During an expanded meeting at the Government Sejong Center on June 1, attended by key officials including the two vice ministers and department heads, Koo stated, "The period after June is a golden time for a significant economic leap that will change our economy's fundamentals and lay the groundwork for a rebound in potential growth rates."
He noted, "In conjunction with the first anniversary of the people's sovereignty government on May 20, we have completed a review of our economic performance," and urged the Ministry of Economy and Finance to be thoroughly prepared to take the lead in innovation and structural reform through the upcoming economic growth strategy for the second half of the year.
The meeting also featured the '2nd Team Happiness Awards,' recognizing departments with outstanding policy achievements. The Property Tax Division was acknowledged for its analysis and response to issues related to real estate and inheritance and gift taxes, while the Economic Analysis Division received an award for its analysis of recent economic trends and emergency economic responses due to the war in the Middle East.
The Innovation Policy Officer was recognized for enhancing organizational innovation capabilities through the operation of an AI education program, the Public Policy Coordination Division for promoting the 'K-Maru' project, a collaboration platform for overseas offices, and the Economic Cooperation Division for expanding economic cooperation between Korea and Uzbekistan during the Asian Development Bank's annual meeting.
In May, the Best Small Happiness award went to Jeon Hyung-yong, an officer in the Investment Management Division, who was commended for establishing a legal framework to manage liquid tobacco products that had previously been distributed outside the regulatory system through amendments to the Tobacco Business Act after 37 years.
The meeting also showcased the results of a recent AI intensive training program. Koo remarked, "The results of our efforts in AI innovation are gradually becoming evident," and emphasized the need for officials' interest in developing specialized AI agents for the ministry, while also considering advanced training programs.
* This article has been translated by AI.
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