The committee was formed as the Moon administration was launched without a ual two-month government transition period due to the March 10 oter of scandal-hit former President Park Geun-hye. It is set to run for up to 70 days.

"The president has advocated for changing the overall social and economic paradigm into income-based growth," Kim told reporters, referring to Moon's economic formula aimed at addressing income disparities and boosting growth by creating jobs and increasing hoehold revenue.

"What matters the most is creating many jobs .... We have to create a 'golden triangle' in which growth, employment and welfare go together," he added.

During his election campaign, Moon vowed to create 810,000 new quality jobs in the public sector during his five-year presidency that began on May 10. For this, he pledged to ask parliament for 10 trillion won ($8.9 billion) in a supplementary budget.

Kim, the former deputy minister and four-term lawmaker, also pointed out that economic and social policies mt be formulated and implemented in an "integrative and organic" fashion.

"That is what the Moon Jae-in administration thinks about (how these policies should be crafted and work)," he said. "These policies will not be separately made or have any vertical relationship among one another."

Stressing the importance of reflecting public opinion in the policy formulation process, Kim said that the committee will run an apparat to ensure citizens' participation and be in close contact with them through regular policy briefings.

"So as to guarantee active popular sovereignty, we will run a communication body ... We will actively solicit citizens' opinions," he said.

Kim also warned committee members against "acting as if they were occupying forces," calling on them to show a leadership that can command respect and support from public servants and citizens.

The committee plans to receive briefings from government ministries and agencies from Wednesday to Friday, Park Kwang-on, its spokesman, told reporters. (Yonhap)