No hurry on exit strategy, presidential aide says

SEOUL, Feb. 3 (Yonhap) -- South Korea does not have to rush to withdraw
expansionary macroeconomic policies implemented to help sustain a recovery of the
local economy, a presidential aide said Wednesday.

Kang Man-soo, a former finance minister and chairman of the Presidential Council
on National Competitiveness, also urged the government to increase its
intervention in the currency market to stem the local currency's ascent.
"As for implementing an exit strategy, 'too late' is better than 'too early,'"
Kang said in a forum in Seoul.
Although the South Korean economy has crept out of its worst downturn in more
than a decade, uncertainties persist over rising unemployment, the local
currency's strength and a delayed recovery in the global economy.
The economy expanded 0.2 percent in the final quarter of 2009, after growing 3.2
percent in the previous quarter.
With an economic recovery taking root in the Asian region, central banks in some
nations, including Australia and China, started raising or withdrawing monetary
stimulus measures.
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