Choi Sang-mok "Establishment of Emergency Export and Value Business Plan for Next Month...Speed and Experience are Important"

Ahead of the launch of the second Trump administration amid sluggish domestic demand, Acting President Choi Sang-mok said he would set up an emergency export plan next month.

Acting President Choi Sang-mok, who presided over a major pending resolution meeting at the Government Complex in Seoul today, said that the important thing in the current policy is speed and experience, adding that he will supply up to 100 trillion won in trade insurance to small and medium-sized companies.

It also announced that it will introduce a small and medium-sized exchange rate relief project to provide up to 1.5 trillion won to small and medium-sized enterprises that are in need of high exchange rates and push for the enactment of a law to spread AI for small and medium-sized enterprises.

At the same time, he stressed that he would execute up to 60% of the 248 trillion won in policy financing in the first half of the year for the recovery of the real economy.

Regarding the promotion of corporate value-up, it said it will also come up with measures to improve the delisting system next month, including easing requirements for listing and streamlining delisting procedures.

He also said he would issue Onnuri gift certificates worth 5.5 trillion won, the largest ever, and hold a seasonal festival to achieve 5 trillion won in sales.

It announced that it will expand and supply 3.2 trillion won in conversion guarantees to small business owners and set up 30 small business debt adjustment centers nationwide.