The Korean government will strengthen policy efforts to boost domestic consumption,. investment and exports and tackle rising risks at home and abroad.
Speaking at the third economy-related ministers' meeting on Thursday,. Finance Minister Yoo Il-ho pointed out the Korean economy is losing vitality. due to uncertainties stemming from the Trump administration's protectionist trade policies,. political turmoil in Europe. and North Korea's provocations.
The minister also expressed concerns. over the worsening job market, citing a slow rise in employment. and sluggish growth in the manufacturing sector.
On a more positive note,. the finance chief expressed confidence the country's outbound shipments will extend an upward trend in February, making it the fourth consecutive month of gains on-year.