ID :
46212
Wed, 02/18/2009 - 13:08
Auther :
Shortlink :
https://www.oananews.org//node/46212
The shortlink copeid
S. Korea economy slowing faster than expected: finance minister
SEOUL, Feb. 18 (Yonhap) -- South Korea's economy is slowing faster than expected as domestic demand and exports slump amid a deepening global recession, the nation's top economic policymaker said Wednesday.
In an effort to turn things around, the government will work hard "to save and
create jobs through which it aims to bolster sagging domestic demand," Finance
Minister Yoon Jeung-hyun told the first crisis management meeting after taking
office last week.
To that end, he is currently crafting an extra budget plan with a plan to send it
to the National Assembly for approval by the end of March. "We will do our utmost
to make the effect of the extra budget felt from the second half," he added.
In an effort to turn things around, the government will work hard "to save and
create jobs through which it aims to bolster sagging domestic demand," Finance
Minister Yoon Jeung-hyun told the first crisis management meeting after taking
office last week.
To that end, he is currently crafting an extra budget plan with a plan to send it
to the National Assembly for approval by the end of March. "We will do our utmost
to make the effect of the extra budget felt from the second half," he added.
