New Deputy Prime Minister Lee Hyung-il says, “Korea’s version of strategic sovereign wealth fund will be prepared without a hitch.”

Lee Hyeong-il, the new Deputy Prime Minister and Minister of Finance and Economy, announced on the 22nd, "We will prepare the Korean version of a strategic sovereign wealth fund without a hitch."

Deputy Prime Minister Lee Hyung-il said this through

The day before, President Lee Jae-myung, through

Deputy Prime Minister Lee shared President Lee's message and said, "The sovereign wealth fund will directly invest so that national strategic industries can grow in a long-term and stable manner, and the results will be passed on to the people."

He then wrote, “The Ministry of Finance and Economy will fully communicate with the National Assembly to discuss related bills and carefully prepare an investment promotion system to ensure that the system can be introduced without a hitch.”

President Lee shared Deputy Prime Minister Lee's message and said, "Deputy Prime Minister Lee Hyung-il, please take good care of me. To the Prime Minister and to you all..."

Deputy Prime Minister Lee responded, “Yes, Mr. President. I will work hard.”

Meanwhile, Deputy Prime Minister Lee, who was appointed on this day, presided over the first major executive meeting and asked, "Reexamine the overall risks in the real economy, real estate, finance, and foreign exchange markets from the beginning and preemptively prepare necessary responses."

In addition, he ordered, “Please take care of immediate issues such as investment projects in the United States without disruption.”

He also emphasized, "We will make price stability the basis for stabilizing people's livelihoods," and added, "The Ministry of Finance and Economy must actively act as the control tower of the economic team in alleviating polarization, which is a key task in our society."

Earlier, in his inauguration speech, Deputy Prime Minister Lee said, "Economic growth cannot be felt through numbers alone," and "I will not neglect either raising the potential growth rate or ensuring that the warmth of growth spreads evenly throughout the lives of the people."

Deputy Prime Minister Lee did not hold a separate event that day, but instead held the inauguration ceremony by broadcasting a pre-recorded inauguration speech on the Ministry of Finance's internal broadcast at 9:30.

Deputy Prime Minister Lee then began his first schedule by visiting the National Assembly's Finance and Economy Committee and reporting privately on investments in the United States. On this evening, he will leave for New York, USA and attend the Korean Economic Investment Briefing (IR) for overseas investors.