+ A

[VIDEO NEWS] 2019’s budgetary plans

Dec 18,2018
1) On Dec. 17, at the Central Government Complex

2) “We have emphasized four parts of next year’s economic policies.” - Hong Nam-ki, Finance Minister

3) “Our first priority is the economy’s revitalization and its constitution’s revision.” - Hong

4) “Second, on the topic of inclusion we have decided to reinforce certain areas that need to be expedited and revise other areas that yielded results that we deemed different from what was initially anticipated.” - Hong

5) “Third, to accelerate things we have decided to focus our policies’ minutiae on overarching outlines rather than on particulars.” - Hong

6) “Last, we have decided to address points that were either blocked by conflict or differing interests on a step by step basis.” - Hong

7) “Now I will elaborate on the direction that next year’s policies will take.” - Hong

8) “First they will aim for the ‘overall revision of economic dynamism.’ Then they will ‘reform our economic constitution and structural reform.’” - Hong

9) “After that, they will ‘increase our economy and society’s tolerant power.’ Finally, they will be ‘investments and preparations for the future.’” - Hong

10) “Our goal for next year’s economic growth is a 2.6 percent to 2.7 percent increase, which is similar to this year’s goal. Our goal for job creation has increased to 150,000, which is 50,000 more than this year’s.” - Hong

11) “We will do our best to help shape the country into a place where everyone can live well and innovation is embraced.” - Hong

Video sourced from JoongAng Ilbo
Video produced by Kim Han-sol
Translated by Chung Yu-soo
Edited by Liam Reilly