Deputy Prime Minister and Minister of Strategy and Finance Yoo Il-ho holds a press conference for foreign correspondents to discuss the economic status and prospects under the leadership of Acting President and Prime Minister Hwang Kyo-ahn on Dec. 11 at the Korean Press Center in Seoul.
Deputy Prime Minister and Minister of Strategy and Finance Yoo Il-ho stated that “All national systems of the country, including our political and economic governance, remain intact and continue to function in a stable manner,” at a press conference for foreign correspondents on Dec. 11.
The deputy prime minister held the press conference to discuss the current economic status and plans that the Korean government intends to pursue in order to keep the economy going under the leadership of Acting President and Prime Minister Hwang Kyo-ahn.
Yoo stressed that, “The effects of the impeachment decision on the global financial market remain largely negligible as the movements of indicators in the market, such as won-dollar exchange rate, have been stable.” He continued by saying that, “As Deputy Prime Minister for economic affairs, I will continue to act as a control tower for economic policies. Furthermore, the Ministry of Strategy and Finance is determined to work closely together with the relevant ministries and agencies in order to successfully navigate through these tough times.”
Deputy Prime Minister and Minister of Strategy and Finance Yoo Il-ho speaks during a press conference for foreign journalists on Dec. 11.
He then stated, “Our existing policy stance will be maintained in a consistent manner. With sufficient room for fiscal and monetary policies, Korea’s macroeconomic conditions will be managed in a stable manner, and we will continue to work on solid growth.”
He added, “We will also explore new areas of growth engines, such as the fourth industrial revolution, and focus on expanding our growth potential by addressing the issue of corporate and industrial restructuring.” The deputy prime minister concluded by saying, “As in the past, we will successfully deal with the current difficulties, and the Korean economy emerges stronger and more resilient.”
By Sohn JiAe
Korea.net Staff Writer
Photos: Jeon Han Korea.net Photographer
jiae5853@korea.kr
