And one of those strategic industries is semiconductors.
“Our semiconductor industry has been firmly maintaining its world number one position by increasing exports for 10 consecutive months, and is also turning system semiconductors into a major export item.”
During a special address to mark the fourth anniversary of his inauguration on Monday, the President added that the country will take advantage of the current semiconductor boom as an opportunity for a new leap forward.
President Moon Jae-in said that the government plans to support the private sector, so that South Korea’s economy can grow by at least 4 percent this year.
Pointing out that all economic indicators show a solid recovery, the president said that the government aims for a faster and stronger economic rebound.
Talking to reporters after his special address, the president acknowledged that he has yet not been able to stabilize the real estate market.
He said the latest by-election result was what awakened him to reexamine his administration’s real estate policy.
But he reiterated that the foundations of his real estate policy are built on preventing real estate speculation, protecting house seekers, and stabilizing the market by expanding housing supply, and that these foundations will not be changed.
“President Moon emphasized that the policy will be revised through close consultation and coordination between the party, the government and the top office so that it can satisfy the public’s needs.
Hong Yoo, Arirang News.”