Moon says his New Deal is the only way forward

From left, Finance Minister Hong Nam-ki, President Moon Jae-in and Democratic Party leader Lee Nak-yon at a Korean New Deal strategy meeting held at Dongdaemun Design Plaza (DDP) in Seoul on Monday. [YONHAP]

President Moon Jae-in stressed that there are no other options but his so-called Korean New Deal. “Since announcing the first concept [in April], the Korean New Deal has evolved,” Moon said during a Korean New Deal ceremony held at the Dongdaemun Design Plaza (DDP) in central Seoul on Monday. “Following the Digital New Deal, which would create a major transition towards a digital society, the Green New Deal, converting into a low-carbon economy, has begun.” Moon stressed that in the last six months the government has aggressively worked in coming up with detailed plans for the Korean New Deal including a 160-trillion-won ($144.5 billion) investment plan as well as naming 10 leading projects. “Now we are at a stage beyond concept and entering the stage of realization,” Moon said. “Our [Democratic] party is in the center of the Korean New Deal’s evolution and development.

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