Emphasizing that overseas summits are important for creating national interest, he stressed the need to strengthen promotion of their results to dispel some misunderstandings.
Improved relations between national leaders greatly benefit the economic activities of Korean companies. Active efforts and practical support in the early stages after a summit are needed for the results to expand.
Practical support should be reinforced from the early stages after a summit to back the economic activities of Korean companies.
Some view overseas summits as travel or sightseeing trips. In reality, summit schedules are very tight and aim at creating practical national interest.
If preparation or schedule management is insufficient, misunderstandings can arise. Therefore, promotion is needed to properly inform the public of summit results.
Promotion to the public will be strengthened by compiling cases such as the resolution of country-specific economic issues like the EU steel matter.
There are cases where country-specific economic issues, such as the EU steel problem, were resolved swiftly, and he directed that these results be compiled and promoted more actively in the media.
The Ministry of Economy and Finance is specially managing 163 economic MOUs, of which 54 are related to Central Asia.
Through two reviews, in June and October, it plans to resolve the difficulties faced by Korean companies and support orders and exports to secure a driver of growth.
The Minister of Economy and Finance reported that international oil prices continue to fluctuate between about $90 and $100 amid uncertainty in the Middle East situation.
Concerns over inflation from rising oil prices, major countries shifting to monetary tightening, and fiscal worries have led to rising global interest rates and a domestic benchmark rate hike, keeping domestic bond yields on an upward trend.
Price stabilization measures such as fuel tax cuts and adjustments to agricultural and marine product supply are being pursued, and the energy supply system is operating.
Suezmax-class large oil tankers face restricted passage through the canal, requiring unloading at Ain Sukhna or pipeline detours, which adds costs.
If they go through the Suez, they have to go around the Cape of Good Hope; originally it would take about 24 days to arrive directly, but going around it now takes 52 days.
Under the Ministry of Trade, Industry and Energy's crude oil supply diversification policy, supply stability is maintained even if a specific strait is blocked.
Tankers passing through the Bab el-Mandeb Strait in the Red Sea are advised to refrain from sailing to avoid risk, and preemptive detour measures around the Suez Canal were implemented from early August.
Domestic crude oil supply from October to November is expected to remain smooth without significant strain.
The difference is covered by national finances, and it was explained that domestic fuel prices remain 30 to 50 percent lower than in other countries.
Answers come from the transcript, with the exact spot cited.
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