S Korea-exit strategy

No exit strategy until full-fledged recovery is seen: Seoul
SEOUL, Nov. 27 (Yonhap) -- South Korean Prime Minister Chung Un-chan reaffirmed
Friday that the government will not implement an exit strategy from expansionary
macroeconomic policies until a full-fledged economic recovery takes shape.
"The Korean economy is recovering faster than expected, but it's still difficult
to be optimistic about the global economy, which is very uncertain," Chung told
corporate executives at a forum hosted by a business lobby group.
"Under the current circumstances, it's difficult to implement an exit strategy
for the time being," said Chung, who was known as a Keynesian economist before
becoming prime minister in September.
But Chung said his government will scale back the size of stimulus measures next
year.
A sense of relief that South Korea has weathered the global economic crisis has
sparked speculation that the government may gradually withdraw its hefty stimulus
measures amid concerns over fiscal soundness.
South Korea's economy, Asia's fourth-largest, grew by a seasonally adjusted 2.9
percent in the third quarter of this year from the previous quarter.
(END)