South Korean finance minister says the country will prepare measures for a boost to exports in key Sectors in May and June
This comes after data last week from Sk was very disappointing indeed.
- South Korea GDP growth in Q1 2019 was the worst since the GFC
- The bellwether for global trade continues to send warning signals to markets
The KRW didn't like the data, Korea's central bank intervened to support the won.
----
In addition to the stimulus efforts for exports the fin in also on oil:
- SK has low reliance on importing oil from Iran
- Plans to diversity oil import sources
- will support small firms hurt by sanctions on Iran
