Lee Jae‑myung government’s economic management rated largely positive by experts

A survey of ten South Korean economists and research‑institute experts found that eight judges the Lee Jae‑myung administration’s macro‑economic management over its first year as “generally good” or better. The panel highlighted aggressive fiscal spending – notably the supplementary budget – as the government’s top achievement, and said strong semiconductor exports, a rising stock market and stable inflation underpin a projected real growth rate of about 2‑2.5% for 2024, with some analysts seeing up to 3%.

Respondents also pointed to remaining challenges: the need for regulatory reform, greater investment activation and support for advanced industries such as AI, semiconductors and biotechnology. Opinions on the government’s energy‑transition and carbon‑neutrality policies were mixed, with concerns that rapid implementation could raise short‑term corporate costs. Overall, experts view the current fiscal stance as acceptable despite rising public debt, while calling for continued reforms to sustain growth.