THE REPUBLIC OF KOREA CHEONG WA DAE

HOME | GOVERNMENT | FOUR ADMINISTRATIVE PRIORITIES | ECONOMIC REVIVAL

ECONOMIC REVIVAL

1. To foster an investment climate that encourages new possibilities
2. To improve the infrastructure for generating, protecting and utilizing intellectual properties
3. To establish a safety net that allows for startup businesses to recover from failure

4. To install a ladder of hope for small and medium-sized companies to climb
5. To help sharpen the export competitiveness of SMEs and mid-sized to large businesses
6. To create a cooperative business ecosystem for shared growth

7. To upgrade the structure of flagship industries through the convergence of IT and software engineering
8. To lay the groundwork for a Creative Economy through science and technology
9. To cultivate healthcare and industries that serve an aging population into future growth engines
10. To upgrade transportation systems and maritime shipping services as well as provide support for Korean businesses to advance into overseas construction and nuclear power plant markets
11. To foster the maritime and fisheries industry into a viable future industry and systematically manage the country’s maritime territory
12. To promote the agricultural, forestry and livestock industries as new growth engines
13. To realize the vision of becoming a space powerhouse by developing indigenous space technologies
14. To build a strategic framework for service industry development

15. To promote youth employment, encourage the establishment of startups and provide assistance for seeking jobs overseas

16. To bolster capabilities in scientific and technological innovation
17. To boost capabilities for generating new industries through linkages among industry, academia, research institutions and local governments
18. To develop the International Science and Business Belt into a new growth hub
19. To create the world's best Internet ecosystem
20. To build Korea into an ITC superpower

21. To protect the rights and interests of the economically vulnerable
22. To protect consumer rights
23. To improve ways of enforcing the Fair Trade Act for the sake of practical remedies for damages
24. To eliminate illegal profit-taking practices by controlling stockholders of large business groups
25. To improve corporate governance
26. To ensure a level playing field in the financial services industry

27. To strengthen measures for housing stability
28. To alleviate the financial burden on low-income families
29. To lessen the burden of educational expenses
30. To lower the burden of communication expenses
31. To help increase incomes from farming and fishing
32. To streamline the distribution structure for agricultural, livestock and marine products
33. To restore the vitality of small merchants and self-employed business owners as well as traditional markets
34. To upgrade the small-scale transportation industry

35. To reinforce measures safeguarding the economy against external risk factors
36. To take preemptive action against instabilities in financial markets
37. To stabilize the real estate market
38. To achieve price stability through structural reforms
39. To secure stable food supply sources
40. To expand the tax revenue base
41. To maintain sound fiscal management
42. To effectively manage public sector debts and government properties