Hong Nam-ki “Only 3 countries, including Korea, among developed countries recover their pre-corona GDP”

It is predicted that Korea, along with the US and Australia, will recover the scale of the economy to the level before the novel coronavirus infection (Corona 19) this year. Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance presided over the Emergency Economic Central Countermeasure Headquarters (Economic Central Headquarters) meeting and New Deal-related Ministers’ Meeting at the Seoul Government Complex on the 7th, and introduced the world economic outlook of the International Monetary Fund (IMF) containing these details. .

Deputy Prime Minister Hong said, “Of the 20 major countries (G20), IMF has designated 8 countries, including Korea, as the countries whose gross domestic product (GDP) is recovering to the level before Corona 19, and only 3 countries among advanced countries.”

According to this, the IMF selected the United States as the country with the best GDP resilience this year. When the level before Corona 19 is set at 100, the US economic forecast this year is 102.7. Korea followed by 102.6 and Australia with 102.0. Deputy Prime Minister Hong interpreted it as “meaning that our economy is one of the strongest and fastest recovering leading group countries.”

Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance speak at the Emergency Economy Central Countermeasure Headquarters Meeting and the Korean New Deal Ministers' Meeting held at the Seoul Government Complex in Jongno-gu, Seoul on the 7th.  News 1

Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance speak at the Emergency Economy Central Countermeasure Headquarters Meeting and the Korean New Deal Ministers’ Meeting held at the Seoul Government Complex in Jongno-gu, Seoul on the 7th. News 1

When the IMF predicted that Korea’s economic growth rate of this year (3.6%) was lower than the global economic growth rate (6%), he explained, “It shows that Korea is the country that minimized the negative growth rate among developed countries last year.” Compared to the negative growth of -3.3% in the global economy last year, the indicators for last year in Korea (-1%) are good. This is interpreted to mean that the growth rate was set relatively low this year due to the base effect last year.

Deputy Prime Minister Hong said, “The Korean economy is one of the strongest and fastest recovering leading group countries.”

At the meeting, the’Smart Green Industrial Complex Promotion Strategy’ was announced, which will set up smart green industrial complexes (industrial complexes) with less energy and less carbon emissions in 35 locations nationwide. The Saemangeum area begins.

Deputy Prime Minister Hong said, “In the past, the industrial complex has played a key role in economic development as the largest cluster of enterprises, but it has exposed problems such as high energy consumption, environmental problems, and decreased productivity. “We have devised a strategy to create a smart green industrial complex for the back,” he said.

Three smart green national demonstration industrial complexes will be created over this year and next year. The government first selected the Saemangeum area. Here, the data center complex and the solar and wind power generation complex will be built one after the other. The government will select one or two more smart industrial complex candidates in July. From 2023, add four each year. A total of 35 smart green industrial complexes are expected to be created by 2030.

Deputy Prime Minister Hong said, “By actively applying the Industrial Complex Simplification Act, we will shorten the approval period for the industrial complex development plan, which is usually 6 months, and allow direct transactions of renewable energy power within the industrial complex for smooth power supply to (newly established) data centers.” . If it is used for the construction of new and renewable energy facilities and smart factory facilities, it provides preferential supply of land and lower sales prices.

Sejong = Reporter Cho Hyun-sook [email protected]


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