Policy Issue
Economic Policies for the Second Half of 2018
Jul 2018
The second half policies focus on 1) creating jobs and strengthening social safety nets 2) accelerating ‘growth through innovation’, 3) sharing the outcomes of growth, and 4) maintaining expansionary fiscal management.
1. Create jobs and strengthen social safety nets
The government will both promote employment and strengthen social safety nets.
1) Strengthen social safety nets
2) Help create jobs
3) Continue to improve the quality of life
4) Work for the administration’s labor policies
2. Accelerate ‘growth through innovation’
The government will work to improve regulations and promote investment.
1) Improve regulations
2) Promote corporate investment
3) Work on national future growth engine project
4) Develop human capital that meets the demand of the industry
5) Work closely with local governments
3. Share the outcomes of growth
The government will work for the outcomes of growth to be felt by all involved.
4. Maintain expansionary fiscal management
The government will increase spending by around 4 trillion won to help the economy maintain growth momentum, and will strengthen its risk management.
1) Maintain expansionary fiscal management
2) Strengthen risk management
* For further details, please refer to the attached file
1. Create jobs and strengthen social safety nets
The government will both promote employment and strengthen social safety nets.
1) Strengthen social safety nets
2) Help create jobs
3) Continue to improve the quality of life
4) Work for the administration’s labor policies
2. Accelerate ‘growth through innovation’
The government will work to improve regulations and promote investment.
1) Improve regulations
2) Promote corporate investment
3) Work on national future growth engine project
4) Develop human capital that meets the demand of the industry
5) Work closely with local governments
3. Share the outcomes of growth
The government will work for the outcomes of growth to be felt by all involved.
4. Maintain expansionary fiscal management
The government will increase spending by around 4 trillion won to help the economy maintain growth momentum, and will strengthen its risk management.
1) Maintain expansionary fiscal management
2) Strengthen risk management
* For further details, please refer to the attached file
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