Finance minister vows efforts to tame inflation, boost growth

Finance Minister Lee Hyoung-il pledged on Tuesday to combat inflation and stimulate economic growth through significant government-led programs, addressing the cost of living while promoting prosperity. At a parliamentary audit by the finance, economy, planning and budget committee at the National Assembly, Lee prioritized enhancing the well-being of citizens and tackling economic inequality.

This marks Lee's inaugural parliamentary audit session since assuming office last month. The minister affirmed the commitment to maintaining consumer price stability, the cornerstone of people's livelihoods. Lee emphasized the finance ministry's emphasis on stabilizing the prices of essential items like fuel and food. The government will take firm action against market disruptions and strive to alleviate financial pressures on disadvantaged groups.

Lee outlined additional key policy objectives, including housing, employment, and financial services for low-income households. The government will continue to pursue these initiatives to foster a more equitable and thriving economy.