[THE INVESTOR] The following are some of the key economic policy measures planned for the second half of the year:
General economic stimulus - Spend a total of 20 trillion won (US$16.9 billion), including 10 trillion won, in supplementary budget, to maintain the expansionary fiscal mode
- Increase financial benefits to facilitate environment-friendly consumption and investment
- Minimize the impact of corporate restructuring by supporting jobless workers and offering aid to provinces where companies under restructuring are located
Job creation
- Encourage companies to pre-emptively address fast-changing global trends
- Funnel capital into state-run policy lenders to support corporate reforms
- Foster new sectors and new technologies
Risk-control - Run task forces to monitor domestic and international financial markets
- Implement market-stabilizing measures in accordance with contingency plans
- Step up global policy coordination with Group of 20 members, international organizations, and regional neighbors
(
theinvestor@heraldcorp.com)
