According to a report by Yonhap News on May 30, Koo expressed these views during an appearance on the YouTube channel Sampro TV, responding to fears that the KOSPI index might drop below the 8,000 mark. He emphasized that the government would promote structural reforms and a rebound in potential growth rates through its economic growth strategy for the second half of the year.
In response to suggestions that structural reforms could lead to price stability in the stock market, Koo added, "The government has outlined a direction for advancing towards a super-innovative economy, focusing on workforce development in artificial intelligence (AI) and green transformation, as well as supporting youth entrepreneurship."
He further stated, "If we implement these substantive efforts, I believe the market will reassess our stock market."
Regarding the growth rate forecast to be announced in the upcoming second-half economic growth strategy, Koo remarked, "I am curious about it as well."
On the outlook for tax revenue due to strong semiconductor performance, he noted, "It is clear that there will be additional excess tax revenue," but he refrained from providing specific figures, stating that they would be confirmed with the corporate tax interim payment in August.
Koo also commented on the fiscal tightening under the Yoon Suk-yeol administration, saying, "The previous government reduced research and development (R&D) budgets, leading to decreased tax revenue and increased fiscal deficits. In this era of AI transformation, we must boldly invest in solid items. Please observe how national debt and deficits will look next year."
* This article has been translated by AI.
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