Finance Minister Choi Sang-mok, who also serves as the deputy prime minister for economic affairs, speaks during a meeting with officials of financial institutions in Seoul, Jan. 3. Yonhap
The government will push to provide greater tax incentives for corporate investment in research and development (R&D) projects and record financing for exporters this year as part of efforts to boost exports and domestic demand for an economic recovery, the finance ministry said Thursday.
They are part of Korea’s key economic policy measures for 2024, which also include ways to curb inflation, manage risks in the financial and other vulnerable sectors, and to secure longer-term growth momentum through innovation and deregulation in the face of demographic and climate challenges, according to the Ministry of Economy and Finance.
“Under the goal of achieving an active economy for the people, the government set four pillars of reviving the economic livelihood of the people, managing potential risks, activating a dynamic economy and devising measures for future generations this year,” Finance Minister Choi Sang-mok said.
The Korean economy is projected to grow 2.2 percent in 2024 on rising exports,…
