Lee Orders Creation of Emergency Economy Review Task Force in 1st Executive Order As President | Be Korea-savvy

Lee Orders Creation of Emergency Economy Review Task Force in 1st Executive Order As President


Kang Yu-jung, the president's spokesperson, speaks during a press briefing at the presidential office in Seoul on June 4, 2025. (Image courtesy of Yonhap)

Kang Yu-jung, the president’s spokesperson, speaks during a press briefing at the presidential office in Seoul on June 4, 2025. (Image courtesy of Yonhap)

SEOUL, June 4 (Korea Bizwire) President Lee Jae-myung has instructed the launch of an emergency task force to address economic challenges as his first executive order since he took office Wednesday, his spokesperson said.

Kang Yu-jung, spokesperson of the presidential office, made the remarks in a briefing, saying Lee ordered Deputy Prime Minister Lee Ju-ho to convene a meeting of relevant authorities and working-level officials by 7:30 p.m.

Lee’s decision to form the task force is in line with a central economic policy pledge from his campaign.

During a campaign rally last week, Lee said revitalizing the nation’s sluggish economy and improving people’s livelihoods would be his top priority if elected.

He also vowed to introduce an additional budget of at least 30 trillion won (US$21.77 billion), raising speculation that the task force will focus on drafting the extra budget.

In an MBC radio interview, Lee Han-jo, head of the Democratic Research Institute who is expected to lead the presidential policy office under Lee, said a significant portion of the extra budget for improving livelihoods will likely be allocated for the issuance of regional prepaid voucher programs designed to help small merchants.

Lee also ordered a separate working-level meeting on public safety, involving officials from local governments as well, to be held early Thursday.

(Yonhap)

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