Deputy PM Heads First Economy Policy Meeting in 15 Yrs. 경제관계장관 간담회 결과

Published on 26 Mar 2013, 5:21
Click "CC" for Scripts
Subscribe to arirang!

Korea's finance minister who also serves as the deputy prime minister held a high-level inter-ministry meeting Monday to discuss the nation's economic outlook.

Our economics correspondent Kim Han-ul reports on how the government plans to navigate through the ongoing global slump.

Korea held its first meeting on the economy led by the deputy prime minister in 15 years on Monday.

The leaders of nine ministries, including the ministers of trade, education and culture, participated, with a goal of coming up with economic policies for the Park Geun-hye administration.

The meeting was abolished in 1998, when the finance ministry was scaled back.

But with a stronger emphasis on the economy now under President Park's watch, the meeting was revived in order to share the current economic situation among the ministries.

The new deputy prime minister Hyun Oh-seok said the stagnant growth rate of around zero percent recorded for seven straight quarters is hurting the economy, and that looming uncertainties from the U.S. financial crisis and the eurozone still exist.

He pledged that his team will work towards three goals achieving a swift economic recovery, executing national policies efficiently, and dealing with crises promptly.

He also asked that the economic team cooperate closely, focus on communicating with the public and devise policies centered on the market economy, all the while emphasizing that actions speak louder than words.

The economic policy meeting will take place regularly with the next one scheulded in early April.

Kim Han-ul, Arirang News.

Visit us on Homepage
Like us on Facebook
Follow us on Twitter
news tech music