Rep. Seo Young-kyo Calls for National Strategy to Drive Growth

Forum Overview and Key Messages

Democratic Party of Korea Representative Seo Young-kyo stated at a forum held at the National Assembly on November 21st that a national strategy to create new growth engines is necessary for the continued economic growth of South Korea. Rep. Seo proposed a strategic approach through cooperation between the government, corporations, academia, and civil society. The forum, themed 'A New Korea, Through Coexistence and Unification!', brought together experts in various fields of South Korea's economy, society, and culture to engage in in-depth discussions for the future of the nation.

Key Attendees and Organizations

Former Minister of Trade, Industry and Energy, Kim Jung-kwan, delivered the keynote speech, presenting an analysis of South Korea's current economic situation and future prospects. Key political figures from both the ruling and opposition parties, including Democratic Party of Korea Leader Chung Chung-rae and People Power Party Leader Jang Dong-hyuk, offered congratulatory remarks. Approximately 80 heads of local governments from across the country attended, sharing their views on revitalizing regional economies. Major financial institutions such as Woori Financial Group, Hana Financial Group, Shinhan Financial Group, and KB Financial Group, as well as approximately 100 major corporations including Samsung Electronics, SK Group, LG Group, and Hyundai Motor Group, participated in the forum.

Strategies for Economic Growth Rep. Seo Young-kyo presented specific measures to create new growth engines, including expanding investment in Fourth Industrial Revolution technologies, fostering the green economy, nurturing industries to address the aging society, strengthening the competitiveness of the service industry, and supporting the growth of innovative companies. Rep. Seo emphasized the importance of deregulation, increased investment, and expanding investment in social services such as education, healthcare, and the environment. Significance and Future Plans of the Forum

This forum served as an important venue for discussing the future of the South Korean economy and reaffirmed the need to establish a new national strategy. It is expected that the National Assembly, government, corporations, academia, and civil society will collaborate to establish and implement concrete policies for South Korea's economic growth. Polinews and the Forum for Coexistence and Unification plan to hold their next forum in December 2025, focusing on the theme of 'Measures to Overcome the Crisis of Local Extinction'.