S Korea to seek countermeasures against regional economic slump in ASEAN+3

By Xinhua,

SEOUL : South Korean Finance Minister Yoon Jeung-hyun would seek cooperation and countermeasures against the regional economic slump during the upcoming ASEAN+3 meeting next week, South Korean government said Wednesday.


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The meeting will deal with various issues, such as regional economic situation, policy measures against economic slowdown and regional financial cooperation,” said a statement by the Finance Ministry.

Another important issue to be discussed and finalized is the subject of increasing the 80 billion U.S. dollar joint fund, which was originally created as a measure against the 1997-98 Asian financial crisis, the ministry said.

The ASEAN Plus Three special meeting is set to be held in Phuket, Thailand, on Sunday, the ministry said.

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