Hong Nam-ki (left), Vice Prime Minister and Minister of Strategy and Finance, and Bank of Korea Governor Lee Joo-yeol, attend a macro-economic finance conference held at the Bank Center in Jung-gu, Seoul on the morning of the 18th. yunhap news
Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance announced on the 18th that “I will determine the level by early March through prompt consultations,” regarding the financial sector maturity extension and interest repayment postponement measures scheduled to end in late March.
Deputy Prime Minister Hong held a macroeconomic and financial conference at the Bank Center in Jung-gu, Seoul, and said, “This is the time when sufficient support and orderly maintenance are also required for financial support measures in the crisis response process.” We need to judge.”
He said, “We will continue to support measures that have fulfilled their roles, such as the Bank of Korea’s financial stability special loan system, but continue to provide support by extending urgent financial support to overcome damage and recover the economy.” He mentioned financial support such as special loans.
Deputy Prime Minister Hong said, “As the Corona 19 situation does not show a clear calm and the damage continues, it is necessary to continue the expansion of fiscal and financial policy. We plan to provide sufficient policy financing of 495 trillion won along with the formation of the supplementary budget.” .
At the same time, he emphasized, “It is important to manage potential risk factors such as accumulated liquidity problems, real estate market, household debt, price stabilization, and increased financial volatility in the process of responding to the crisis.”
He said, “It is necessary to take measures to induce liquidity in the market to flow into productive sectors such as the Korean version of the New Deal and new growth engines, and to take measures to strengthen household debt management.”
This meeting, which was held at the level of institutional directors a year after measures to respond to the crisis caused by the spread of Corona 19 last year, gathered in addition to Deputy Prime Minister Hong, heads of macroeconomic and financial authorities, including BOK governor Lee Ju-yeol, financial committee chair Eun Seong-soo, and financial supervisory director Yoon Seok-heon.
Deputy Prime Minister Hong said, “As the G20 countries consistently confirm and pledge to co-operate with policies for overcoming the crisis and recovering the economy, internally, close cooperation between macroeconomic, financial, monetary and financial authorities is absolutely essential.” “Sufficient communication Through close cooperation and policy cooperation, we will achieve crisis overcoming and economic rebound.”
Sejong = Park Se-in reporter [email protected]
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