President Lee Jae-myung stated on September 21 that in an era of large-scale international competition, traditional financial support such as subsidies and loans with repayment obligations are insufficient for flexible responses.
In a post titled 'Investment: A Middle Ground Between Support and Loans' on his X (formerly Twitter) account, President Lee emphasized the need for a new approach.
He shared an article titled 'Why Did the U.S. Government Buy Corporate Stocks?' alongside his remarks.
President Lee noted, "Therefore, our government has initiated policies that allow for investment and equity acquisition, enabling both the government and the public to share in the fruits of economic growth together."
He added, "To not just survive but to lead in the industrial economy amid international competition, substantial investments are necessary, along with a new system that allows the public to enjoy significant excess profits."
Addressing the public, he remarked, "To forge a new path, we need time and patience. I hope you will help us overcome these challenging times and create a nation filled with hope and opportunities."
He concluded, "I will do my best. Thank you."
* This article has been translated by AI.
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