Lee Jae-myung says South Korea’s economy is in dire straits

On the morning of June 26, local time, South Korean President Lee Jae-myung delivered a policy speech at the South Korean National Assembly, saying that the South Korean economy is in a desperate situation and the South Korean government is urgently formulating a supplementary budget. The supplementary budget includes issuing universal consumer coupons to promote consumption, increasing investment, supporting individual businesses and vulnerable groups, and stabilizing finances. He hopes that the South Korean National Assembly will actively assist in the formulation and implementation of the supplementary budget. Lee Jae-myung said that boosting the economy and promoting people’s livelihood are currently South Korea’s top priorities. In the future, it will invest heavily in cutting-edge industries such as artificial intelligence and semiconductors, promote innovation in biotechnology and manufacturing, and support the development of cultural industries.