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(2nd LD) S. Korea to maintain expansionary economic policy: finance ministry
SEOUL, Feb. 9 (Yonhap) -- South Korea will maintain its expansionary macroeconomic policy stance "for the time being" in order to help accelerate the nation's economic recovery, the finance ministry said Tuesday.
"Based on a reasonable assessment of economic conditions, the government pushed for active fiscal policies aimed at easing contraction, helping the nation's economic growth last year," the Ministry of Strategy and Finance said in a report assessing Minister Yoon Jeung-hyun's first year in office and offering a snapshot of his future economic policy direction. | | Data picture |
"In order to consolidate the recovery trend, we will maintain an expansionary macroeconomic policy for some time while enhancing our ability to respond to a crisis," the ministry added.
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