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Park Geun-hye Takes Initiative on All Economic Fronts
Three Year Plan
Park Geun-hye Takes Initiative on All Economic Fronts
  • By matthew
  • January 16, 2014, 09:31
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President Park Geun-hye of Korea.
President Park Geun-hye of Korea.

 

President Park Geun-hye has just laid out her three year plan in detail with the formation of a Task Force involving the Ministry of Strategy and Finance. Under the plan, a focus has been placed on strengthening and enacting executive power, with the definite goal of realizing policy goals.

With Finance Minister meetings acting as a central committee, the First Deputy Minister of Strategy and Finance has been put in charge of operating a task force team.  A Regulatory Reform Committee of finance ministers has been created to tackle complex issues, interweaving various interest groups as well. The committee will serve directly under President Park.

Another joint task force will be formed with all related government departments involved, to serve as a one-stop solution portal, expediting issues such as the certification and investment in five promising areas, including health care and education. 

Extensive cooperation between private and public sectors are planned, with public organizations expected to lead many initiatives. 

Vice Minister Hyun Oh-seok said, “The aim is to find structural problems and systematically improve our economy by taking initiatives on all fronts.”