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KOREA'S DPM KIM RULES OUT IMMEDIATE PUMP-PRIMING MEASURES.
SEOUL, March 3 Asia Pulse - Although the economy is slowing down more than expected, the government will not employ domestic consumption promotion measures such as cutting special excise taxes on automobiles and other major industrial products, Deputy Prime Minister Kim Jon-pyo said.
Instead, the government will make intensive investments in social overhead capital projects and advance other government expenditures to prop up the economy.
"We're not yet thinking of such 'artificial boosting measures' as cutting special excise taxes on industrial products," Kim said in an exclusive interview with the Yonhap News Agency on Sunday.
Kim's remarks are seen as a dismissal as premature some suggestions that the government needs to take pump-priming ...
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Source: HighBeam Research, KOREA'S DPM KIM RULES OUT IMMEDIATE PUMP-PRIMING MEASURES.