President Lee Jae-myung urged his cabinet members to unite in making this year a pivotal one for South Korea, aiming for a potential growth rate of 3%, becoming a top four global trade nation, and achieving a national income of $50,000 (approximately 74.57 million won).
During a State Council meeting at the Blue House on July 14, President Lee stated, "The outcomes we achieve in the second half of this year will determine the future of South Korea for the next 30 years."
Specifically addressing the goal of becoming a top four trading nation, he noted, "Exports in the first half of this year have shown explosive growth, nearing $500 billion, with semiconductors leading the way and other exports increasing by 16% compared to last year." He emphasized that entering the ranks of the world's top four in trade is now an attainable goal.
He added, "With remarkable export performance and increased capital investment, forecasts suggest that our real growth rate could reach 3% this year. We must focus on stabilizing prices and the real estate market, while nurturing super-gap and super-innovation growth engines to gradually raise our potential growth rate to 3%."
President Lee stressed the need for the central and local governments, as well as businesses, to work together to expedite the realization of three key mega projects. He encouraged them to proceed with related procedures as quickly as possible, stating, "If we shorten a day now, we can gain ten days or even 100 days later."
He also highlighted the importance of addressing structural issues in society, stating, "We must provide young people with a multi-layered growth ladder in terms of jobs, housing, assets, and skills development, while also accelerating innovation in public institutions regarding finances, regulations, and capabilities."
Furthermore, he reiterated that the achievements made in the second half of this year will significantly influence South Korea's future for the next three decades.
President Lee remarked that the prosperity of South Korea cannot be achieved solely through economic strength, referencing recent diplomatic successes at the NATO summit and his state visit to Mongolia. He noted, "New horizons for global cooperation in defense and advanced technology have opened, and we have made significant progress in securing critical mineral supply chains." He urged relevant ministries to ensure that these outcomes benefit the lives of citizens and the economy.
He added, "For South Korea to achieve greater leaps and sustained growth, a more stable and peaceful global order must be supported. Although the global order is currently very unstable, our government will steadfastly fulfill its role and responsibilities as a responsible global nation based on practical diplomacy centered on national interests."
As the third anniversary of the Osong underpass disaster approaches, he expressed, "Starting this year, North Chungcheong Province will actively hold memorial events. It is regrettable that it took three years for this natural course of action to occur."
President Lee concluded by stating, "The state must always be thoroughly prepared for all disasters that threaten the lives and safety of its citizens. There can be no small gaps in protecting the lives of our people. When it comes to safety issues, it is better to be excessive than insufficient."
During a State Council meeting at the Blue House on July 14, President Lee stated, "The outcomes we achieve in the second half of this year will determine the future of South Korea for the next 30 years."
Specifically addressing the goal of becoming a top four trading nation, he noted, "Exports in the first half of this year have shown explosive growth, nearing $500 billion, with semiconductors leading the way and other exports increasing by 16% compared to last year." He emphasized that entering the ranks of the world's top four in trade is now an attainable goal.
He added, "With remarkable export performance and increased capital investment, forecasts suggest that our real growth rate could reach 3% this year. We must focus on stabilizing prices and the real estate market, while nurturing super-gap and super-innovation growth engines to gradually raise our potential growth rate to 3%."
President Lee stressed the need for the central and local governments, as well as businesses, to work together to expedite the realization of three key mega projects. He encouraged them to proceed with related procedures as quickly as possible, stating, "If we shorten a day now, we can gain ten days or even 100 days later."
He also highlighted the importance of addressing structural issues in society, stating, "We must provide young people with a multi-layered growth ladder in terms of jobs, housing, assets, and skills development, while also accelerating innovation in public institutions regarding finances, regulations, and capabilities."
Furthermore, he reiterated that the achievements made in the second half of this year will significantly influence South Korea's future for the next three decades.
President Lee remarked that the prosperity of South Korea cannot be achieved solely through economic strength, referencing recent diplomatic successes at the NATO summit and his state visit to Mongolia. He noted, "New horizons for global cooperation in defense and advanced technology have opened, and we have made significant progress in securing critical mineral supply chains." He urged relevant ministries to ensure that these outcomes benefit the lives of citizens and the economy.
He added, "For South Korea to achieve greater leaps and sustained growth, a more stable and peaceful global order must be supported. Although the global order is currently very unstable, our government will steadfastly fulfill its role and responsibilities as a responsible global nation based on practical diplomacy centered on national interests."
As the third anniversary of the Osong underpass disaster approaches, he expressed, "Starting this year, North Chungcheong Province will actively hold memorial events. It is regrettable that it took three years for this natural course of action to occur."
President Lee concluded by stating, "The state must always be thoroughly prepared for all disasters that threaten the lives and safety of its citizens. There can be no small gaps in protecting the lives of our people. When it comes to safety issues, it is better to be excessive than insufficient."
* This article has been translated by AI.
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