South Korea Is Ready to Help Europe Through IMF, Bahk Says

South Korea is ready if needed to help Europe by contributing through lending facilities of the International Monetary Fund because Europe’s economic recovery is critical for both South Korea and the world, South Korean Finance Minister Bahk Jae Wan said in Seoul.

Separately, Bahk said the government will announce its annual tax reform package, including tax income bracket changes, in August.

To contact the reporters on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.