This is the result of a survey conducted by the Korean Economic Association on the direction of the new administration's economic policies. The survey was conducted among 1,908 regular members from May 9 to 19.
200 people responded. 168 people, or 84% of the respondents, chose "raising the potential growth rate, upgrading the industrial structure, and discovering and nurturing future growth drivers" as the long-term policies they expect from the new administration.
(Multiple answers allowed) The next most common reasons were "improving the quality of employment, eliminating the dual structure of the labor market, and revamping education and human capital" (44%) and "ensuring the working-age population and responding to the aging population" (34%).
Regarding the fundamental structural problems facing the South Korean economy, 142 respondents (71%) pointed to "slowing productivity, stagnant technological innovation, and a lack of new growth drivers."
Furthermore, one of the issues that the new administration will need to address immediately after taking office is "supporting industrial transformation to respond to rapid technological change" (13
The majority of respondents cited "responding to the hollowing out of industry and protectionism caused by U.S. tariffs and increased imports from China" (128 people, 64%), and "responding to the hollowing out of industry caused by U.S. tariffs and increased imports from China" (128 people, 64%).
When asked what they felt was most lacking in the economic policy-making process, about half of the respondents (49.5%) answered, "Policy consistency"
Furthermore, when asked about the economic risks that the new government should be most wary of, 77% of respondents cited "fiscal populism and unregulated grant aid and cash handouts," which was given strict warnings by experts.
It is clear that a keen gaze is being directed at them.
2025/08/06 06:09 KST
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