Moon to innovate industry to be global

President Moon Jae-in called for all-out efforts Tuesday to innovate the very foundation of the country’s manufacturing industry, saying the country may lose its global competitiveness unless it acts now.

“We have a history of industrial development that the world envies. Also this year, we demonstrated the strength of our economy by reaching US$600 billion in exports despite many difficult conditions, again becoming the world’s sixth-largest export country,” the president said in a meeting with officials from the Ministry of Trade, Industry and Energy.

The meeting, held at the government complex in Sejong, 120 kilometers south of Seoul, was part of a series where the president is briefed by each government ministry on their policy objectives for 2019.

The trade ministry earlier said the country’s total exports were expected to reach the $600 billion mark for the first time in its history.

President Moon Jae-in (third from L) speaks in a meeting with officials from the Ministry of Trade, Industry and Energy held at the government complex in Sejong, 120 kilometers south of Seoul, on Dec. 18, 2018 to be briefed on the ministry's policy objectives for 2019. (Yonhap)

Yonap news

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