<\/video>\n <\/div>\n<\/div>\n [Anchor] President Lee Jae-myung emphasized the importance of strategic investment in the southeastern region as global supply chains are reconfigured. Citing HMM\u2019s confirmed relocation to Busan following the Ministry of Oceans and Fisheries, he ordered officials to expedite further relocations of public agencies and private companies. Reporter Jang Bo-kyung reports. [Reporter] At a Cabinet meeting and emergency economic briefing at the Blue House, President Lee said the government must maintain steady strategic investment in the southeast to secure global maritime leadership amid supply-chain realignment. President Lee: The southeastern region has ample potential to develop into a world-class maritime economic zone. Noting HMM\u2019s confirmed move to Busan, he urged officials to speed up relocations of other public institutions and companies. President Lee: We should establish a Southeast Investment Corporation, expand port and aviation infrastructure, and strengthen the marine industry base. He also expressed interest in pilot Arctic shipping routes centered on Busan and asked that communication and cooperation with Russia be pursued to the fullest extent possible given current constraints. He reviewed external economic conditions and issued directives for policy. He instructed officials to prepare proactively for post\u2013Middle East conflict developments and requested a detailed economic strategy for the second half of the year. On the recent rise in the exchange rate, he was briefed by the Ministry of Economy and Finance that foreign investors\u2014who hold a significant share of Korean equities\u2014are rebalancing their portfolios. President Lee asked, \u201cKorean stocks have roughly tripled, right?\u201d (Yes.) \u201cAs the weighting of Korean assets rose, investors adjusted allocations, and that caused this movement\u2014correct?\u201d Regarding the sold-out National Growth Fund, he said policymakers should consider performance-linked incentives through policy financing and demanded rigorous fund management. He also instructed officials to devise measures ensuring that a more active stock market channels returns back to investors through dividends. Chief presidential spokesperson Kang You-jung said President Lee questioned aides about measures to stabilize the housing market and stressed the importance of maintaining public trust in policy. The Blue House responded to opposition criticism over Policy Chief Kim Yong-beom\u2019s remark that the so\u2011called \u201cthree highs\u201d are the cost of economic success by saying the government recognizes that current conditions could place a substantial burden on ordinary households. This is Jang Bo-kyung for Yonhap News TV. [Video reporting: Lee Il-hwan, Yoon Je-hwan, Jeong Chang-hoon] [Video editing: Lee Ae-ryeon] For Yonhap News TV story inquiries and tips: KakaoTalk\/LINE jebo23; Jang Bo-kyung (jangbo@yna.co.kr)<\/p>\n","protected":false},"excerpt":{"rendered":"
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