Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol emphasized his commitment to revitalizing the capital market and stabilizing the real estate market. Regarding concerns that investment in the U.S. is excessive in relation to the South Korea-U.S. summit, he stated he does not agree.
Deputy Prime Minister Koo appeared on the YouTube channel "The Man Who Reads the Economy" on the 27th, stating, "The KOSPI index can exceed 5000," and added, "I have a very strong commitment to invigorating the capital market."
He continued, "The role of the Deputy Prime Minister is to take responsibility for the economy," and stated, "For corporations to survive, the economy must thrive. How can we revitalize corporations and the economy without respecting the capital market?"
Deputy Prime Minister Koo stressed that he would make the expected returns of the capital market surpass those of the real estate market. He also noted that the goal of real estate policy is "stabilization," and explained that following demand management measures such as the loan regulations from June 27, supply measures are being prepared.
Regarding the real estate market, Deputy Prime Minister Koo said, "We will manage to prevent excessive expected returns," and added, "If the expected return rate is higher by investing in the capital market through corporations, even if I tell them to go to the real estate market, they will not go."
In response to concerns that the outcome of the South Korea-U.S. summit resembles "something handed out to the U.S.," he stated, "(The $350 billion investment in the U.S. is) a concept of a limit, and it is not something handed out." He explained, "We will conduct business in the U.S. to recover the principal and interest, and the profits will be shared with the U.S. The speed of investment and the business will be gradually implemented in consultation with the U.S."
Regarding restructuring in the petrochemical industry, he noted, "If we talk about restructuring in reverse, it means enhancing competitiveness," and added, "The industry will enhance competitiveness, and if there are citizens losing their jobs in the process, we will respond with a national safety net and provide job transition training toward new industries and new technologies."