S. Korea to diversify trade, investment routes to handle external risks: finance chief
- 5 years ago
The government has vowed to turn risks stemming from external uncertainties into opportunities for the South Korean economy... by diversifying trade and investment routes.
At a meeting on Tuesday, Minister of Economy and Finance Kim Dong-yeon said.... the government will proactively deal with rising trade protectionist measures and seek new trade blocs such as the G20,.... the Pacific Alliance and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
He cited the U.S. government's strengthened monitoring of the Chinese yuan for currency manipulation.... and Washington's possible imposition of additional tariffs of 20-percent on Korean vehicles as the main external risks.
Despite this,.... the minister said.... Korea's financial market remains steady... recording a net foreign capital inflow of more than seven-billion U.S. dollars so far this year.
At a meeting on Tuesday, Minister of Economy and Finance Kim Dong-yeon said.... the government will proactively deal with rising trade protectionist measures and seek new trade blocs such as the G20,.... the Pacific Alliance and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
He cited the U.S. government's strengthened monitoring of the Chinese yuan for currency manipulation.... and Washington's possible imposition of additional tariffs of 20-percent on Korean vehicles as the main external risks.
Despite this,.... the minister said.... Korea's financial market remains steady... recording a net foreign capital inflow of more than seven-billion U.S. dollars so far this year.