President Yoon Suk Yeol said, 'There is no future for our economy without the principle of free market.”

President Yoon Suk Yeol said on the 16th, "Our economic system must meet global standards. The free market principle is a global standard, there is no future for our economyif we ignore it."

"Our economy can find a way out by boldly digging into the global market and attracting exports and investment," President Yoon said in a statement at a Cabinet meeting held at the Presidential Office in Yongsan, Seoul.

Presidentemphasized the achievements of the last year, focusing on the national fiscal stance and real estate and energy policies.President expressed his strong will to push for three major reforms: labor, education, and pension.

Regarding the national fiscal situation, President Yoon said, "Our government has firmly shifted its national fiscal stance from lax fiscal to sound fiscal."

"In the last administration, the national debt increased by 400 trillion won in five years, exceeding a total of 1,000 trillion won. He criticized, "It is looting for future generations to pass on debts that cannot be endured by lax spending."

Regarding economic policy, "Over the past year, the Korean government has focused on normalizing ideological and anti-market policies and transforming them into a private-led economy that respects market principles.""We will seek a way for our economy with global central diplomacy that puts the economy at the center of diplomacy."

Meanwhile, President Yoon granted the right to veto the "Nursing Act Enactment Proposal" (hereinafter referred to as the Nursing Act) at the Cabinet meeting.

President Yoon said, "This nursing bill is causing excessive conflicts among related officials. In addition, he pointed out that the de-medical institutionalization of nursing work is causing anxiety about the health of the Korean people.