The South Korean economy has been facing a number of issues for a while now -- high unemployment, sluggish job growth and a widening wealth gap.<br />On Monday, the country's top economic policies said they will do their best to tackle these problems and get the economy back on track.<br />Kim Hyesung reports. <br /> South Korea's finance chief says the government will do its utmost to resolve high unemployment and uneven income distribution in the country.<br />At an economic-related ministers' meeting on Monday, Kim Dong-yeon said job data and unequal income distribution have worsened and he vowed to swiftly implement policies announced in July and August to support the self-employed and those in the lower income classes. <br />The policymakers also discussed measures to create jobs for people in their 50s and 60s, and lowering toll fees on private highways.<br /> The minister's remarks came a day after Jang Ha-sung, the Presidential Chief of Staff for Policy, reaffirmed his commitment to keep pushing the administration's so-called "income-led growth" policy.<br />Speaking to reporters on Sunday, Jang said recent dismal economic data, including slow job growth, is not a result of the administration's economic policies like the minimum wage hike, but a problem related to Korea's existing economic structure in which growth has not spurred higher wages or greater corporate investment. <br />He added the previous policy of relying on exports and big conglomerates has failed to make life better for all Koreans.<br /> It's the first time in seven months that Jang has called a press conference, showing the Moon administration's commitment to accelerate its economic policies to raise household income and expand welfare for those in need. <br />Kim Hyesung, Arirang News. <br />
