2023-12-15 12:17:00
President Yoon Seok-yeol met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva at the Presidential Office in Yongsan, Seoul on the afternoon of the 15th./News 1
President Yoon Seok-yeol met with International Monetary Fund (IMF) Managing Director Kstalina Georgieva, who was visiting Korea, on the 15th. Governor Georgieva visited Korea to attend an international conference co-hosted by the Korean government and the IMF for two days starting the previous day.
In his meeting, President Yoon said, “The Korean government places the people’s livelihood and price stability as its top priority and is pursuing the restoration of a market-oriented economic ecosystem led by the private sector while minimizing government intervention under a sound fiscal policy,” and said that the Korean economy, including the recent rebound in exports, is improving. He said there were signs of economic recovery. President Yoon also said, “Due to the nature of the Korean economy, which is highly dependent on foreign countries, we are pursuing sales diplomacy to expand exports and orders for our companies and attract investment, as well as structural reforms to improve the economic structure.”
Governor Georgieva said that the Korean government’s private-centered economic management and efforts to secure fiscal soundness are in line with the policy recommendations of the International Monetary Fund, adding, “I highly praise the efforts to overcome the crisis, such as alleviating financial market instability, soft landing in the real estate market, and responding to rising prices. “He did,” the President’s Office said. Governor Georgieva said, “The Korean economy is expected to rebound next year due to the improvement of the semiconductor economy and China’s economic recovery. Specifically, the growth rate of the Korean economy next year is expected to be 2.2%, which is the highest growth rate among developed countries.” Actually, I added it. President Georgieva is said to have suggested, “Going forward, there is a need to more fully respond to structural problems such as population structure change and climate change.”
President Yoon agreed with Governor Georgieva’s opinion that emphasized the expansion of women’s participation in the labor market, saying, “Korea is also actively supporting women’s participation in economic activities,” and added, “Given the potential of Korea’s female workforce, the proportion of female CEOs in the corporate sector will soon increase.” “This will increase,” he predicted.
Regarding the controversy over the so-called ‘windfall tax’, which seeks to impose a tax on banks’ excessive interest income, Governor Georgieva said, “Even in some advanced countries, a windfall tax was imposed on the banking sector, but in Canada, the decline in bank stock prices led to side effects such as a decrease in dividend-related tax revenue.” The President’s Office reported that he pointed out, “We support the banking sector’s voluntary win-win cooperation method rather than a windfall tax.”
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