South Korea to Announce National Development Strategy by Year-End

by RYU SO HYUN Posted : October 12, 2026, 11:32Updated : October 12, 2026, 11:32

Cho Yong-beom, the Vice Minister of the Ministry of Economy and Finance, emphasized the need for inter-ministerial collaboration in establishing the 'South Korea 2045 Strategy,' a long-term national development plan. The government aims to consolidate previously identified policy tasks into a cohesive national strategy, with plans to announce it by the end of the year.


On the morning of October 12, Cho chaired the first meeting of the Executive Committee of the 'South Korea 2045 Strategy Establishment Committee' at the Government Seoul Complex, discussing ways to refine the national development strategy.


The government held strategy establishment committee meetings on May 27 and August 12, led by the Prime Minister, to discuss the direction of the national development strategy, future vision, national strategy, and public communication methods. Subsequent working meetings have focused on identifying key policy tasks in collaboration with relevant ministries.


The Executive Committee serves as a vice-ministerial working group under the strategy establishment committee. It is chaired by the Vice Minister of Economy and Finance and includes the Deputy Director of the Korea Development Institute (KDI) and other vice-ministerial officials from relevant ministries. The committee's role is to detail the specific tasks of the national development strategy in cooperation with various ministries.


Cho noted that, having identified various strategic tasks through multiple channels at the government level, it is now time to refine these into a single, coherent strategy. He urged the relevant ministries to actively participate in the strategy formulation process, taking responsibility for the future of their respective areas.


Participants agreed that the 2045 national development strategy should transcend individual ministry plans and represent a comprehensive long-term strategy at the national level. They plan to link each ministry's policy tasks to the overall strategy and continue discussions and collaboration among relevant ministries.


The government intends to maintain intergovernmental collaboration centered around the strategy establishment committee and aims to finalize the 2045 national development strategy by the end of the year.





* This article has been translated by AI.