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South Korea's finance minister raises possibility of slower growth

AP
March 14, 2013, 12:25 am TWN

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SEOUL -- South Korea's newly named finance minister said Wednesday the recovery in Asia's fourth-largest economy is weak and might need additional government stimulus.

Hyun Oh-seok told parliament that South Korea's economy may not achieve the 3 percent growth projected by the government and he would quickly introduce measures to aid the recovery.

His remarks gave more weight to the view that President Park Geun-hye's new economic team will boost government spending with a supplementary budget.

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