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(LEAD) S. Korea striving for US$700 bln in exports: finance minister

All Headlines 15:25 January 03, 2019

(ATTN: UPDATES with more comments by finance minister)

SEJONG, Jan. 3 (Yonhap) -- South Korea's top economic policymaker on Thursday unveiled an ambitious goal to push up the country's exports to top the US$700 billion mark per annum in the near future.

Finance Minister Hong Nam-ki made the comments in a meeting with the heads of small exporters in Bupyeong, located west of Seoul.

The new target came just days after Asia's fourth-largest economy celebrated its outbound shipments exceeding $600 billion for 2018.

Separately, Hong asked financial institutions to play a leading role in spurring innovation in the country's industries by drastically upgrading assistance to companies that try to create business opportunities with new ideas and technologies.

Hong made the appeal to the heads of financial institutions in a ceremony at a Seoul hotel.

Finance Minister Hong Nam-ki (Yonhap)

entropy@yna.co.kr
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