Home  Corporate Affairs New Challenges for the Korean Economy in 2005
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New Challenges for the Korean Economy in 2005 |
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Noting that a number of key challenges have emerged as the South Korean economy embarks on the New Year, Chin Dong-Soo, deputy minister for international affairs in South Korea’s Ministry of Finance and Economy, discussed recent macroeconomic performance and the adoption of several long-term initiatives aimed at ensuring future prosperity. He outlined the government's Comprehensive Investment Plan and other policy measures that are intended to achieve the goal of a 5% growth rate and the creation of 400,000 jobs. As he noted, these policy measures also reflect a strong commitment by the South Korean government to transform Korea into a financial hub of Northeast Asia with an emphasis on the asset management industry.
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