south korea’s finance minister has been
laying out plans to nurture the nation’s food industry to give the local economy
and much-needed shot in the arm I came here song tells us more finance minister Hyun MD says the
government will double the size of key food industries over the next 10 years
to turn it into a new growth engine and create more jobs and an economy-related
ministers meeting Wednesday Minister whom said the government will nurture
five key food industries customized special food health functional food
ready-to-eat food eco-friendly food and export oriented products Seoul plans to
double the size of the industries from ten billion u.s. dollars in 2018 to
twenty billion by 2030 and create more than 60 thousand new jobs he also said
that government will promote customized food for the elderly as those aged 65
and older are forecast to account for more than a fifth of South Korea’s
population in 2025 the government will also ease regulations to allow sales of
Health functional food and hold key food festivals to promote the country’s
dishes in addition the finance chief said the government will continuously
push for new industries to boost economic growth namely DNA plus big
three referring to data network AI future cars semiconductors and
biotechnology and he vowed extra support for the FinTech industry he also called
on the National Assembly to swiftly pass innovative growth related bills
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