“The financial market was confused by the pandemic,
Efforts to preemptively support emergency funds, etc.”
“Overcoming corona is the first topic next year
Financial support for vulnerable areas will be provided.”
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▲ Finance Commissioner Eun Seong-soo speaks at the securities industry conference held at the Yeouido Financial Investment Association in Seoul on the afternoon of August 27.
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Finance Committee Chairman Eun Seong-soo said, “It is not yet a reliable situation, but among the member countries of the Organization for Economic Cooperation and Development, our economic growth rate forecast (1.1%) ranked first, and the KOSPI also surpassed 2700 points for the first time in history,” he said.
In his remarks at both the year-end press conference held online on the 14th, Chairman Eun said, “After the (Corona 19) pandemic declaration at the beginning of this year, the financial market fell into chaos at once, such as the financial market crunch and the stock market crash. “It was aggravated,” he said. “Two times, we have prepared financial measures of ‘175 trillion won + α’to preemptively support emergency funds for small business owners and companies, and strive to respond quickly and boldly, such as stock market stability funds.” I said this.
He said, “(These achievements) resulted from the achievements of K-Defense without regional blockade, effective economic response such as expanded financial and fiscal policies, and strong corporate performance.” It reflects the beliefs of investors.”
He also pointed out that the first topic of financial policy next year will be’overcoming the Corona 19 crisis’. Specifically, he said, ▲ smooth financial support for weak areas, ▲ management of expanded financial risks in the process, ▲ soft landing of expanded financial policies, should be achieved in harmony.
To this end, he said that he will respond quickly and boldly to changes in the situation, such as taking additional measures as well as existing support measures such as the ‘175 trillion won + α’program.
In addition, he added, “The plan for a soft landing plan for financial support measures such as extension of maturity, deferment of interest repayment, and flexibility of financial regulations will be decided by sufficiently collecting opinions from the financial sector, industry, and experts from next January while watching the progress of Corona 19.”
Chairman Eun said, “The policy-type New Deal Fund for securing future growth engines is prepared to be created as soon as possible as the relevant budget has passed the National Assembly, and we will smoothly promote policy financing support for the creation of an industrial ecosystem centered on innovative companies.” Revealed.
Reporter Yoo Dae-geun [email protected]
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