S. Korea eyes communication with foreign media to prevent misunderstanding

SEOUL, Oct. 28 (Yonhap) -- South Korea said Tuesday it will enhance its communication with foreign media to stave off misunderstanding amid growing concerns over the health of its financial market and economy.

The ministry has recently been frequently forced to dispute foreign media reports
which have claimed that South Korea is embroiled in the worst financial crisis in
a decade and might seek bailout from the International Monetary Fund to save its
economy.
The Finance Ministry said that it is considering issuing English-versions of
press releases on major polices including budget plans, taxation and other
large-scale reform initiatives. More staff will be recruited to strengthen its
foreign-media department workforce.
Cooperation with the Bank of Korea and the Financial Services Commission will
intensify in order to respond effectively to distorted foreign media reports,
officials said, adding that a private agency will soon be selected to take on the
promotion work for the three institutions.
Officials at the ministry said that many recent overseas reports are riddled with
"incorrect" information and "biased views" on South Korea's economy and raised
the need for more "communication" with foreign media and journalists to explain
what their policies and economic conditions exactly are.
kokobj@yna.co.kr
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