Key economic policy directions

The government economic policies for 2013 are aimed at realizing the national vision of ‘a new era of hope and happiness,’ by supporting the working class and promoting a ‘creative economy.’

The government will adopt aggressive macroeconomic policies, improve regulations to be more employment-friendly, and create an environment where a ‘creative economy’ can flourish.

The administration will pave the way for securing the livelihoods of low- and middle-income families through stable inflation and tailored welfare programs, which range from micro-financing to housing and education support.

The government will pursue economic democratization by creating fairer and more transparent markets, and developing a system which protects economically vulnerable groups.

To more efficiently manage risks in such volatile domestic and global situations, the 2013 policies incorporate reinforcing crisis response systems and improving risk management.

The government will improve its fiscal situation in order to successfully implement the new administration’s priorities and set up a policy implementation system by facilitating intra-governmental cooperation.


* Source : Ministry of Strategy and Finance and Korea Development Institute, Economic Bulletin Vol.35 No.4 (April 2013).
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