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South Korea to talk to IMF in bid to avoid currency-manipulator label

Reuters  |  SEJONG 

SEJONG (Reuters) - South Korea's minister on Tuesday said the government would talk to the as part of its efforts to avoid being labelled a manipulator by the

"We do not expect the U.S. to label (South Korea) as a manipulator, but we cannot be certain for now," said in a press conference in Sejong.

"We will discuss (our policies) with the IMF. We are doing so using various channels, and we will try our best to make sure we don't get the currency-manipulator label."

South Korea, along with China, avoided the currency-manipulator label in the semi-annual report, but was kept on a "monitoring list".

Kim also said while the government has not decided whether the needs a supplementary budget or not, any spending plan needs to be carried out swiftly once the decision has been made to boost growth and add jobs fast.

(Reporting by Shin-hyung Lee, Cynthia Kim)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 15:34 IST