ID :
202062
Thu, 08/18/2011 - 09:08
Auther :
Shortlink :
https://oananews.org//node/202062
The shortlink copeid
Lee calls for agile handling of global fiscal crisis
SEOUL, Aug. 18 (Yonhap) -- President Lee Myung-bak said Thursday South Korea should cope well with the global fiscal crisis as it did when the financial meltdown struck the world economy in 2008, his spokesman said.
South Korea was one of the first countries to recover from the 2008 crisis due mainly to a series of quick government steps, such as the increase in government spending and the lowering of interest rates, according to experts.
"We were faster in coping with the 2008 crisis than any other nation. I hope each ministry will act in an agile way to make sure we overcome this crisis as well," Lee said during a meeting with top economic officials and export company chiefs, according to presidential spokesman Park Jeong-ha.
The meeting was convened to check South Korea's export conditions following the turmoil.
Spokesman Park said that some company chiefs also called for the ratification of the free trade agreement with the U.S. to expand the country's export market.
The trade pact, signed in 2007 and supplemented last December to address U.S. concerns over its auto industry, has been awaiting approval from the legislatures of the two countries.
South Korea was one of the first countries to recover from the 2008 crisis due mainly to a series of quick government steps, such as the increase in government spending and the lowering of interest rates, according to experts.
"We were faster in coping with the 2008 crisis than any other nation. I hope each ministry will act in an agile way to make sure we overcome this crisis as well," Lee said during a meeting with top economic officials and export company chiefs, according to presidential spokesman Park Jeong-ha.
The meeting was convened to check South Korea's export conditions following the turmoil.
Spokesman Park said that some company chiefs also called for the ratification of the free trade agreement with the U.S. to expand the country's export market.
The trade pact, signed in 2007 and supplemented last December to address U.S. concerns over its auto industry, has been awaiting approval from the legislatures of the two countries.
