Lee orders measures to stave off slump in real economy

By Yoo Cheong-mo
SEOUL, Oct. 26 (Yonhap) -- President Lee Myung-bak instructed his economic policymakers on Sunday to implement further tax reductions and expand the government's fiscal expenditures to prevent the ongoing financial crisis from spilling over into the real economy, Lee's spokesman said.

Lee, while presiding over an emergency meeting of top government economic
officials, called for concerted nationwide efforts to regain the confidence of
foreign and domestic investors in the South Korean economy and financial markets,
said presidential spokesman Lee Dong-kwan.
The president also ordered his Cabinet ministers to double their efforts to
consolidate international policy coordination by faithfully following up on a
number of bilateral and multilateral agreements reached at the just-ended
Asia-Europe Meeting summit, said the spokesman.
ycm@yna.co.kr
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