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Pres. Lee Calls for Government Support in Expansion of Exports

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저작자 미상 (저작물 2267374 건)

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공표년도

창작년도

2011-02-11

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President Lee Myung-bak called on his government to re-examine and bolster support for export financing‚ while pledging to actively create policies that expand exports in the country's private sector.
At the 80th People's Economic Strategy Meeting held at Korea Trade-Investment Promotion Agency in Seoul‚ Thursday morning President Lee affirmed that Korea can achieve its goal of exceeding 1 trillion US dollars in trade volume this year.
But it can only do this if the government and corporations collaborate despite uncertainties in the global economy.
Korea was the seventh largest exporter in the world last year with exports chalking up a total of 470 billion dollars.
The Korean leader also said it is time to review whether the government could lift export-related regulations earlier and urged civilian firms to upgrade their competitiveness by improving productivity.
During the session the Ministry of Knowledge Economy announced plans to expand loan credit size and increase export-import insurance coverage to roughly 240 billion dollars from 210 billion for businesses engaged in trade as part of efforts to meet this year's target.
The ministry added it will help companies gain access to emerging markets such as China‚ Southeast Asian nations and Latin America and boost overseas marketing of small and medium-sized trading firms.
[Reporter : Yoo Ji-hae
julz1201@arirang.co.kr] "Meanwhile‚ President Lee stated that the final destination for the nation is the economy this year and expressed determination to focus his administration's efforts on improving the economic condition of low and middle-income people.
Yoo Ji-hae‚ Arirang News."
Reporter : julz1201@arirangtv.com

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