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CORR: KOREA'S DPM KIM RULES OUT IMMEDIATE PUMP-PRIMING MEASURES.

AsiaPulse News

| March 03, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(Corrects spelling of Deputy Prime Minister in first paragraph)

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 Jin-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 ...

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Source: HighBeam Research, CORR: KOREA'S DPM KIM RULES OUT IMMEDIATE PUMP-PRIMING MEASURES.

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