Lee Hyungil Chairs First Economic Policy Meeting... Focus on Electric Vehicle Industry and Retirement Pension Reform

Yonhap News Agency

Hyungil Lee, Deputy Prime Minister and Minister of Finance and Economy, presided over his first economic policy meeting after taking office, discussing policies for the electric vehicle industry and improvements to the retirement pension system.

The Ministry of Finance and Economy announced that on September 27, 2026, at 5:00 p.m.—the last day of the Chuseok holiday—Deputy Prime Minister Lee chaired an economic policy meeting.

The meeting was attended by the Minister of Environment, Climate and Energy; the Minister of Employment and Labor; the Minister of Planning and Budget; the Chairman of the Financial Services Commission; the Vice Minister of Trade, Industry and Energy; as well as the Chief Economic Growth Advisor at the Office of the President. The primary topics of discussion were policies for the electric vehicle industry and plans to improve the retirement pension system.

Based on the issues discussed at the meeting, the government plans to finalize and announce its official policy after further inter-ministerial coordination and widespread collection of opinions.

The government stated, "Going forward, we plan to regularly hold economic policy meetings with relevant ministers and presidential aides, in order to promptly discuss and coordinate major economic matters."

This content was produced with the assistance of AI translation services.