Choi Jung-sik, Speaker of the National Assembly (right), speaks with Koo Yoon-cheol, Deputy Prime Minister and Minister of Economy and Finance, on June 15. [Photo=Yonhap News]
Choi Jung-sik, Speaker of the National Assembly, met with Koo Yoon-cheol, Deputy Prime Minister and Minister of Economy and Finance, on June 15, urging him to address economic challenges exacerbated by external uncertainties stemming from the war between the U.S. and Iran, as well as issues related to youth employment and economic polarization.
During their meeting at the National Assembly, Choi stated, "The overseas economic conditions are challenging due to the Middle Eastern conflict and the rise of nationalism in the international order. Fortunately, negotiations between the U.S. and Iran are progressing toward a peace agreement. I hope the South Korean economy can eliminate external uncertainties and make a rebound."
Choi emphasized the need to tackle the decline in youth employment, devise strategies to utilize surplus tax revenue, and address economic polarization.
"The ongoing decrease in youth employment is a significant concern. I hope you can help create expectations and hopes for young people," he said, urging Koo to develop effective ways to utilize surplus tax revenue generated from the boom in artificial intelligence (AI) and semiconductors.
Choi also expressed his commitment to improving the lives of citizens and stated, "The National Assembly will do its utmost for the economic advancement of South Korea. We have decided to form a bipartisan legislative committee to discuss livelihood-related bills. We will prepare legislation for the economy, and I hope the government will pay attention to this effort."
In response, Koo assured that the executive branch would actively collaborate with the National Assembly to support the livelihood economy. He noted, "Vulnerable groups, including youth, are facing difficulties due to inflation and exchange rates. While export conditions are favorable, our reliance on semiconductors is too high. We plan to invest in AI semiconductors to develop new export items akin to semiconductors."
Additionally, it was reported that during the meeting, Choi called for strengthened youth policies, while Koo discussed plans to implement youth-targeted policies starting in the second half of the year.
After the meeting, Jang Hyun-joo, Chief Public Relations Secretary, told reporters, "Choi emphasized the need for enhanced education in AI and finance to improve youth employment. Koo also responded that starting next month, policies focused on youth will be actively pursued to ensure that young people feel the impact of these initiatives."
During their meeting at the National Assembly, Choi stated, "The overseas economic conditions are challenging due to the Middle Eastern conflict and the rise of nationalism in the international order. Fortunately, negotiations between the U.S. and Iran are progressing toward a peace agreement. I hope the South Korean economy can eliminate external uncertainties and make a rebound."
Choi emphasized the need to tackle the decline in youth employment, devise strategies to utilize surplus tax revenue, and address economic polarization.
"The ongoing decrease in youth employment is a significant concern. I hope you can help create expectations and hopes for young people," he said, urging Koo to develop effective ways to utilize surplus tax revenue generated from the boom in artificial intelligence (AI) and semiconductors.
Choi also expressed his commitment to improving the lives of citizens and stated, "The National Assembly will do its utmost for the economic advancement of South Korea. We have decided to form a bipartisan legislative committee to discuss livelihood-related bills. We will prepare legislation for the economy, and I hope the government will pay attention to this effort."
In response, Koo assured that the executive branch would actively collaborate with the National Assembly to support the livelihood economy. He noted, "Vulnerable groups, including youth, are facing difficulties due to inflation and exchange rates. While export conditions are favorable, our reliance on semiconductors is too high. We plan to invest in AI semiconductors to develop new export items akin to semiconductors."
Additionally, it was reported that during the meeting, Choi called for strengthened youth policies, while Koo discussed plans to implement youth-targeted policies starting in the second half of the year.
After the meeting, Jang Hyun-joo, Chief Public Relations Secretary, told reporters, "Choi emphasized the need for enhanced education in AI and finance to improve youth employment. Koo also responded that starting next month, policies focused on youth will be actively pursued to ensure that young people feel the impact of these initiatives."
* This article has been translated by AI.
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