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Fearing negative impacts on exports due to the downsizing of the Export Development Fund (EDF) as well as reduction in the amount of loans taken from the fund, traders have called for the EDF to be reverted back to the original state. In a meeting of the Advisory Committee on Trade Support yesterday at the commerce ministry, traders also said that consumption in
Amid the ever-increasing importance of the economy in current geopolitical landscapes, the Yoon Suk Yeol administration will continue pushing for reforms that aim to promote an economy led by the private sector, Prime Minister Han Duk-soo said. In his congratulatory address at a special international conference marking the 30th anniversary of the Institute for Global Economics (IGE) held in southern Seoul on Wednesday, the prime minister emphasized that the Yoon Suk Yeol administration is conducting structural reforms in various areas of the Korean economy to boost the country s efficiency and economic vitality.