Seoul, April 9 (IANS) South Korean President Lee Jae Myung said Thursday it is time for the nation to fundamentally change its economic system, as rising oil prices and inflationary pressures from the war in the Middle East have dampened prospects of an economic recovery.However, Lee urged officials to embrace such grave economic conditions as an opportunity to improve the nation’s economic system as he presided over his first plenary meeting of the National Economic Advisory Council (NEAC) to d…
Latest National Economic Advisory Council News & Updates
Seoul, Dec 28 (IANS) South Korean President Lee Jae Myung has nominated veteran economist and former three-term lawmaker from the conservative camp, Lee Hye-hoon, as the new Minister for Planning and Budget, the presidential office said Sunday. Lee was tapped as the inaugural head of the Ministry of Planning and Budget, which will be installed under the Prime Minister’s Office as part of a government reorganisation bill set to take effect in January, Presidential Secretary for Public Relations a…