저작물명

Govt. to Continue Expansionary Policies‚ Banks to Reduce Bad Loans

저작(권)자

저작자 미상 (저작물 2267374 건)

출처

이용조건

공표년도

창작년도

2009-07-30

분류(장르)

영상
UCI 로고

UCI 코드 도움말

요약정보

President Lee Myung-bak stressed that the government is still in emergency economic mode.
And the weekly Meeting for Emergency Economic Measures at the top office Thursday decided to continue the government's current expansionary policies.
At the meeting‚ Minister of Strategy and Finance Yoon Jeung-hyun briefed President Lee that it is too early to discuss an exit strategy despite improvements in real economic indicators for the first half of this year.
During this period‚ the consumer and business sentiment indexes went up alongside the benchmark KOSPI stock market and the won-dollar exchange rate showed signs of recovery.
Yoon explained‚ however‚ such improvements are in large part the result of the government's measures.
The minister pointed out that while keeping the economy within minus 4.2 and minus 2.5 percent GDP growth year-on-year in the first and second quarter the expansionary measures contributed 1.8 and 1.9 percentage points‚ respectively.
And that the private sector economy is not yet vitalized.
However‚ with the expansionary policy continuing the finance minister also expressed confidence that in the second half the economy will turnaround to the positive and meet the government's aggregate annual growth target at minus 1.5 percent.
And while withholding actual exit plans‚ President Lee did call for a plan that could help the Korean economy gain momentum when the global economy recovers.
The emergency economic policy meeting also finalized the government's restructuring plans for private corporations to require domestic lenders to reduce their bad loan ratio to less than one percent by the end of this year.
This means that Korean banks will have to clear more than 6.5 trillion won‚ or around 5.2-5 billion US dollars‚ out of a total of 19.6 trillion won of non-performing corporate debentures.
The Financial Supervisory Service says that the government will tap a 20 trillion won recapitalization fund to support lenders in need.
The watchdog will also facilitate the process by buying bad debentures from local banks using a state restructuring fund.
With their loans not revolving‚ corporations would now have to make a choice of whether to restructure their unprofitable businesses.
[Reporter : kimbumsoo@arirang.co.kr] "At the meeting‚ President Lee instructed his officials in charge of the corporate restructuring initiative to keep up the momentum and brief him about the progress made on a monthly basis.
Kim Bum-soo‚ Arirang News."
Reporter : kimbumsoo@arirangtv.com

저작물 파일 유형

저작물 속성

1 차 저작물

공동저작자

1유형

수집연계 URL

https://www.kf.or.kr

분류(장르)

영상

원문제공

원문URL