(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.
(LEAD) Boat found abandoned on west coast beach, illegal entry suspected
New submarine or SLBMs likely next options for N.K. to claim enhanced nuke deterrence: experts
(LEAD) 1 kindergarten student tests positive for virus ahead of expanded school reopening
1 kindergarten student contracted coronavirus in Seoul ahead of expanded school reopening
(3rd LD) S. Korea striving to break club-linked transmission chain