SEOUL: Acting President Choi Sang-mok announced on Thursday that the government may introduce further economic stimulus measures in the first quarter if deemed necessary, as the nation faces forecasts of slow economic growth this year.

According to Yonhap News Agency, Acting President Choi emphasized the need for flexibility in response to both domestic and international uncertainties. He highlighted the importance of reassessing the economic conditions, taking into account the policy trajectory of the new U.S. administration and the state of the domestic economy. This reassessment will guide the government's decision on whether to implement additional measures aimed at ensuring economic stability.

The announcement came during a meeting with ministers responsible for economic affairs. The government has projected the economy to grow by 1.8 percent this year, which is lower than previous estimates. Choi underscored that the government's priority will be risk management rather than the introduction of a broad array of new policies.

"Our foremost commitment is to focus on the recovery of people's livelihoods," Choi stated. In addition to his role as acting president, Choi serves as the deputy prime minister for economic affairs and finance minister, positions that place him at the forefront of the government's economic strategy.