Impeachment motion will not have big impact on financial market: Finance Minister

Published on 12 Jan 2017, 1:45
탄핵소추, 금융시장 영향 별로 없어: 유일호 부총리
Korea's finance chief has reassured foreign investors that the current political turmoil will not have much impact on the financial market.
Giving a presentation on Korea's economy in New York on Wednesday,... Finance Minister Yoo Il-ho said the National Assembly's impeachment motion against President Park Geun-hye is unlikely to have a significant effect on the economy either.
However, he added that the government will do all it can to handle any fallout.
Responding to a question on Korea's skyrocketing household debt, Minister Yoo said that containing the pace of growth is crucial.
He added that,... thanks to government measures,… the amount of loans taken out in December had fallen.
Minister Yoo also said the Korean government will continue to work to improve its macroeconomic policy and rein in household debt.

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