S. Korea to Take Measures to Boost Private Sector-Led Recovery

South Korea will carry out policy measures that will encourage a private sector-led economic recovery and allow the country to cope with external risks for the rest of this year, the Finance Ministry said.

The outlook for Asia’s fourth-largest economy is still uncertain due to Europe’s sovereign debt crisis and China’s economic slowdown, the ministry said in a statement today. Price pressures are persistent amid elevated oil prices and inflation expectations, it said.

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

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

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