South Korean Prime Minister Han Seung-sook stated on August 24, "I will do my utmost to build an irreplaceable South Korea through local-led growth centered on the three major mega projects and balanced development in five regions and three special areas."
During a meeting of the National Assembly's Budget and Settlement Special Committee, he said, "The government will listen to the concerns and suggestions of lawmakers and will faithfully reflect them in future budget management."
He explained, "Last year, the government prepared and executed an original budget of 673.3 trillion won, along with two supplementary budgets totaling 45.6 trillion won to support economic revitalization and stabilize people's livelihoods."
Han acknowledged, "While the government has made every effort to execute the budget approved by the National Assembly without waste, there may have been areas that were insufficient or lacking. If there are mistakes, I hope they will be pointed out without hesitation, and I ask that you carefully examine whether the intended policy outcomes were achieved."
He noted, "The people's sovereignty government was launched in a very serious situation marked by typical risks and domestic economic stagnation, with growth at 0%. From day one, we activated an emergency economic inspection task force and submitted a second supplementary budget to the National Assembly within 20 days, concentrating all possible resources on stabilizing livelihoods and recovering the economy."
Han added, "We focused on supporting consumption coupons for all citizens to enhance consumer capacity and made every effort to ensure that fiscal policy serves as a catalyst for economic recovery by promoting construction activity and investment in new industries. At the same time, we dedicated ourselves to stabilizing livelihoods by alleviating inflationary pressures and adjusting debts for small businesses. As a result, we laid the groundwork for economic recovery, achieving a growth rate of 1.8% in the second half of 2025."
During a meeting of the National Assembly's Budget and Settlement Special Committee, he said, "The government will listen to the concerns and suggestions of lawmakers and will faithfully reflect them in future budget management."
He explained, "Last year, the government prepared and executed an original budget of 673.3 trillion won, along with two supplementary budgets totaling 45.6 trillion won to support economic revitalization and stabilize people's livelihoods."
Han acknowledged, "While the government has made every effort to execute the budget approved by the National Assembly without waste, there may have been areas that were insufficient or lacking. If there are mistakes, I hope they will be pointed out without hesitation, and I ask that you carefully examine whether the intended policy outcomes were achieved."
He noted, "The people's sovereignty government was launched in a very serious situation marked by typical risks and domestic economic stagnation, with growth at 0%. From day one, we activated an emergency economic inspection task force and submitted a second supplementary budget to the National Assembly within 20 days, concentrating all possible resources on stabilizing livelihoods and recovering the economy."
Han added, "We focused on supporting consumption coupons for all citizens to enhance consumer capacity and made every effort to ensure that fiscal policy serves as a catalyst for economic recovery by promoting construction activity and investment in new industries. At the same time, we dedicated ourselves to stabilizing livelihoods by alleviating inflationary pressures and adjusting debts for small businesses. As a result, we laid the groundwork for economic recovery, achieving a growth rate of 1.8% in the second half of 2025."
* This article has been translated by AI.
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