Press Coverage – November 11th

Business Week Senior reporter, Rupert Walker sees Korean economy impressive rebound

 

Korea shows remarkable resilience: Rupert Walker
  

Thanks to the governments’ pre-emptive actions against global financial crisis and strong corporate earnings, Korea is seen to be now bottoming out of from global gloom. A senior reporter of Business Week, Rupert Walker said Asia’s fourth largest economy has impressed many investors by its surprising rebound, especially compared with its regional peers. The Government-led stimulus package, equivalent to 3.6% of GDP this year,helped to minimise economic contraction in economic growth. And fiscal measure for local economy will be maintained next year, said Ministry of strategy and finance, Yoon Jeung-hyun said late September. Sean Darby, a strategist at Nomura, suggested that Korea is enjoying its first self-sustaining recovery having seen Korean economy system is undergoing a structural change.   See more from www.businessweek.com

  

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About FSC Korea
The Financial Services Commission has been established for the purpose of protecting the integration of Korea’s financial markets by promoting sound credit system and fair business practices. To this end, the FSC serves as a consolidated policy making body for all matters pertaining to supervision of the financial industry as a whole. To raise the efficiency, the posts of the FSC Chairman and the FSS Governor were separated on March 2008 for clear distinction between policy-making and execution of financial market supervision

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