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President Moon unveils grand plan for Korean New Deal
Updated: 2020-07-14 14:34:35 KST
President Moon Jae-in today unveiled his administration's grand plan for a Korean New Deal, which he said amounts to a transformation of the country into a global pace-setter.
Unveiling the blueprint this afternoon, the president said South Korea is going to invest over 130 billion U.S. dollars by 2025 to create 1.9 million jobs that better meet the country's future needs and that embrace two main pillars "digital" and "green."

The Korean Deal New is a declaration that we are transforming South Korea into a leading country. From an economy that chases to an economy that leads, from a carbon-dependent economy to a low-carbon economy, from an unequal society to an inclusive society it's the strong determination of the government to fundamentally change South Korea.

Moon introduced 10 main projects that will be part of the grand plan, including a digital dam, AI government, smart medical infrastructure, green remodeling, green energy and eco-friendly future mobility.
Particularly in the digital sector, the president said that the aim is to become number one in the world through bold and preemptive investments in various areas, such as education and medical.
In regards to the Green New Deal, he stressed that it will entail responding to climate crises and will include ways to protect the environment while at the same time boosting industrial competitiveness.
Moon noted that an underlying condition is that, through the process, South Korea is able to reduce inequality and become an inclusive society.
He promised aggressive fiscal spending and investments for the future, saying that people will be able to feel these changes before the end of his term in 2022.
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