Economic strategy focuses on industry giants, possibly sidelining SMEs and deepening inequality
The South Korean government has unveiled a strategic economic program targeting the country’s pressing challenges, including inflation, declining exports and weakened consumer demand.
The program encompasses a range of measures from export promotion and research and development (R&D) enhancement to facility expansion and subsidies in energy and agriculture. However, critics point out that it fails to address the concentration of economic power among large conglomerates and does not adequately tackle growing income inequality.
The South Korean government has unveiled a strategic economic program targeting the country’s pressing challenges, including inflation, declining exports and weakened consumer demand.
The program encompasses a range of measures from export promotion and research and development (R&D) enhancement to facility expansion and subsidies in energy and agriculture. However, critics point out that it fails to address the concentration of economic power among large conglomerates and does not adequately tackle growing income inequality.
Get your
KoreaPro
subscription today!
Unlock article access by becoming a KOREA PRO member today!
Unlock your access
to all our features.
Standard Annual plan includes:
-
Receive full archive access, full suite of newsletter products
-
Month in Review via email and the KOREA PRO website
-
Exclusive invites and priority access to member events
-
One year of access to NK News and NK News podcast
There are three plans available:
Lite, Standard and
Premium.
Explore which would be
the best one for you.
Explore membership options
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.
SHARE
COPY LINK
X
MASTODON
