S. Korea continuing efforts to stabilize economy: finance minister

SEOUL, Nov. 12 (Yonhap) -- South Korea will keep working to stem the current
global financial turmoil from taking its toll on the real part of the local
economy, a top economic policymaker said Wednesday.
"The fallout from the unprecedented financial crisis is now spilling over to the
real economy. To stem the transition, we need to make substantial efforts,"
Finance Minister Kang Man-soo told reporters before a crisis management meeting.
Kang forecast that the current turbulence will last longer than expected, saying
the extent of its impact on the real economy remains uncertain.
"We will continue to work together with the central bank and the Financial
Services Commission to stabilize financial markets," he added.
kokobj@yna.co.kr
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