[On-Site Video+] "Expanding Volatility in Financial and Foreign Exchange Markets"Concerns over contraction of economic sentiment"

[Anchor]
The ruling party announced the results of the high-level government-government council meeting for the first time since the presidential impeachment motion was passed a little while ago.

Let's connect to the National Assembly and listen to the details.

[Kim Daesik / Senior spokesman for the People's Power]
I will report on the main contents of the Government-Party Council on State Security.

From 8 a.m., I had a high-level government council meeting for a little over an hour at the prime minister's official residence, and I will report this and tell you about the main contents.

The ruling party and the government inspected the economic situation at home and abroad and discussed in-depth measures to respond.

Amid increased volatility in the financial and foreign exchange markets in the short term after the U.S. FOMC on December 19, economic sentiment is feared to shrink.We agreed that external conditions such as uncertainties in the trade environment following the launch of the new U.S. government



The ruling party and the government decided to actively cooperate in the policy implementation process, focusing on managing the external credibility of the Korean economy, responding to changes in the trade environment, strengthening industrial competitiveness, and stabilizing people's livelihoods.

It has been decided to announce the economic policy direction for 2025 by the end of this year, which embodies this policy direction.

In particular, the party urged the government to make every effort to implement next year's budget, which was confirmed by the National Assembly, and to come up with additional measures to support people's livelihoods so that the difficulties of people's livelihoods and economic sentiment can be eased as soon as possible.

While thoroughly managing the fourth quarter's execution, the government focused on preparing in advance so that the budget can be immediately executed from January 1 next year, such as quickly confirming next year's budget allocation plan

We will also seek additional support measures tailored to the vulnerable.