Dimension of preemptive response to inflationary factors
Early release of agricultural and livestock stock
By 2030, smart green industrial complexes will be built in a total of 35 locations, including the Saemangeum area. The foundation for activating smart shipping and logistics will be laid by reducing ship berthing time by 5% by 2025.
On the 7th, the government held a meeting of the Emergency Economic Central Countermeasure Headquarters (economic heavy script) meeting and the Korean version of the New Deal Ministers’ Meeting, presided over by Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Strategy and Finance, at the Government Complex in Seoul on the 7th. Discussed.
The Ministry of Land, Infrastructure and Transport has decided to create a smart green industrial complex to reduce carbon emissions by more than 25% and support innovation activities of companies in the future.
It is planning to work on creating a smart green industrial complex that comprehensively implements smart green elements targeting two or three national industrial complexes that are currently in the development stage. In the case of Saemangeum, after completing the basic plan by November of this year with the goal of achieving RE100 (Renewable Energy 100%), which companies procure 100% of electricity from renewable energy, it will be designated as a national pilot industrial complex in the first half of next year. In addition, it is planning to select one or two additional project sites in July by receiving proposals from local governments targeting the national industrial complex.
The Ministry of Maritime Affairs and Fisheries has set a goal to reduce ship berthing time by 5% by spreading smart shipping and logistics by 2025, and to reduce port worker accidents by 30%. To this end, the plan is to develop artificial intelligence-based operation optimization technology for all sections of ship-port-land logistics, and to establish a platform for reducing safety accidents.
At the meeting that day, the government also discussed the agenda of’Checking and responding to recent inflation trends’. With the recent spread of expectations for global economic recovery and concerns over inflation, the government decided to preemptively respond to inflationary instability by applying an emergency quota tariff and releasing stockpiles.
First of all, the government decided to focus its policy capacity on early stabilization of agricultural and livestock products, which was considered the main cause of the recent inflation. The company plans to further strengthen its efforts to stabilize supply and demand, such as importing 25 million eggs this month, and quickly securing and importing additional quantities next month.
In addition, it has decided to strengthen its response to the risk of international raw material prices. To prevent the recent rise in international oil prices from leading to an increase in petroleum product prices, monitoring will be strengthened and an emergency quota tariff of 0% will be applied for a limited time until the end of the year on some imported grains such as edible corn.
Sejong = Reporter Woo Sang-gyu, Reporter Park Se-jun and Kim Hee-won [email protected]
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