Finance Minister Lee Hyoung-il on Tuesday vowed to focus on taming inflation to ease the cost-of-living burden while boosting economic growth through major government-led initiatives, including the three megaprojects. Lee made the remarks during a parliamentary audit by the finance, economy, planning and budget committee at the National Assembly, stressing his priorities are aimed at improving people's livelihoods and addressing economic disparities. It was Lee's first parliamentary audit session since taking office last month. "We will maintain consumer price stability, which is the foundation of people's livelihoods," the policymaker said. Lee added the finance ministry will focus particularly on stabilizing the prices of everyday necessities, such as fuel and food. "We will take stern action against irregular activities disrupting market prices and make efforts to ease the financial burdens on vulnerable groups," Lee said. Other major policy goals of the finance ministry include housing, jobs and financial services for low-income households, Lee said. He noted the government will contin