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FRI, 2014-10-31  KST

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Government to inject $25 billion to boost economy: Finance minister

Updated: 2014-07-31 06:41:04 KST
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The Korean government will inject about 25 billion U.S. dollars into the economy through fiscal measures and policy financing in the latter half of the year.
This is part of a 40 billion dollar stimulus package announced last week.
Finance Minister Choi Kyung-hwan also told policymakers Wednesday, that the government will soon introduce measures to boost the service sector, with the goal of creating more jobs and boosting spending.
The Korean economy saw quarterly growth of just zero.6 percent in the second quarter, its weakest pace in over a year.


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