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Finance Minister Hong emphasizes S. Korean economies strong resilience at IR meeting in New York Updated: 2019-10-17 16:10:45 KST

Finance Minister Hong Nam-ki met with foreign investors in New York on Wednesday local time to show them the resilience of the South Korean economy and present the government's future economic plans.
Those investors included executive vice-chair at Bank of America-Merrill Lynch, Jim Quigley and global head of corporate banking at JP Morgan, Sjoerd Leenart.
Hong said the economy has three major shock buffers.
Those are strong relations with other countries, sound finances and a balanced industrial structure.
In response to economic risks, he said South Korea is expanding its fiscal policy by increasing total spending by 9.3 percent in next year's budget plan.
He added that South Korea will promote a manufacturing renaissance and development of the service industry while making strategic investments in response to the fourth industrial revolution.
KOGL : Korea Open Government License
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