MK Business News Logo
Thursday, December 18, 2014 search icon
검색 search
Top Stories
Finance
Market
Economy
Companies
General
Opinion Editorial
Archive
Photo
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News >> Economy 프린트 이메일 전송 리스트
S. Korea economic growth estimated at 3 pct for H2, 4 pct for 2014: finance Minister
2013.06.17 15:36:23 | 2013.06.17 16:57:39
보내기
South Korea’s Deputy Prime Minister and Finance Minister Hyun Oh-seok said the nation’s economy could grow at the three percent range year-on-year in the second half (H2) of this year.

[S. Korea economic growth estimated at 3 pct for H2, 4 pct for 2014: finance Minister ] 기사의 본문 이미지

Mr. Hyun said at the Strategy and Finance Committee’s briefing Monday “if the government’s measures including support for start-ups, job-creation road map and creative economy initiative turn the economy around, Korea will likely see a three-percent level growth in H2,”

“The Bank of Korea (BOK) is giving a boost to the government’s efforts to jump-start the nation’s economy with its quantitative easing measures such as a 0.25 percent key rate cut and a three trillion won ($2.6 billion) rise in the cap on soft loans to small and mid-size enterprises,” noted deputy prime minister.

However, uncertainties surrounding the Korean economy still persist, Hyun added.

The lingering uncertainties came as the US debt ceiling negotiations failed to reach a conclusion, the Chinese economic growth has lost its momentum, and Japan’s deflation is still on track.

He feared that the Kaesung Industrial Complex shutdown is posing a risk to the nation’s economy.

He cited economic growth of zero percent for eight consecutive quarters, sluggish employment growth and high yen volatility as additional risks to the Korean economy.

“The nation is expected to see a mid-two level growth for the whole year and four percent level next year,” said Mr. Hyun.

Copyrights ⓒ Yonhap News



[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Thurs, Dec 18, 2014
Latest News
Constitutional Court determines fate ..
Anti-corruption investigation put Nav..
Labor, mgmt, gov’t agree to stipulat..
POSCO to build second steel plate pla..
The rich seeking to give assets to gr..
Producer prices drop to three-year an..
Hankook Tire to inject $920mn in Hall..
Prosecution mulls issuing arrest warr..
S. Korean middle class has less money..
Gov’t to designate PyeongChang as in..
Press Releases&Speeches
[Press Release] ROK, China and Japan ..
[Press Release] ROK and China to Hold..
Today Vocab&Phases
[12/18 Thurs] Bank mandate
abstruse, cacophony
Announcement

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.