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THE INVESTOR
March 22, 2019
Big Reunion

Economy

Gist of Korea’s 2019 economic policy plan

  • PUBLISHED :December 17, 2018 - 13:45
  • UPDATED :December 17, 2018 - 13:45
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[THE INVESTOR]
The following are key economic policy measures planned for next year aimed at propping up growth in Asia’s fourth-largest economy and improving quality of life.


Reinvigorating economic vitality

- boost corporate investments
- revitalize consumer spending and tourism
- strengthen competitiveness in exports

Structural reforms

- innovate key regulations
- improve competitiveness and productivity in key industries
- strengthen assistance for new technology and new industries
- nurture service industry

Inclusive economy

- strengthen assistance for low-income bracket and self-employed
- provide help to those with low job and income security
- strengthen social safety net

Investment for future

- prepare for fourth industrial revolution
- cope with low birthrate and aging population
- prepare for economic cooperation with North Korea

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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