finance minister-stimulus plan

SEJONG, March 22 (Yonhap) -- South Korea's new finance minister said Friday that his ministry will come up with a package of measures next week to boost the economy's recovery and help the livelihoods of the people.

Hyun Oh-seok was officially inaugurated to lead the finance ministry earlier in the day after being nominated by President Park Geun-hye on Feb. 17. The delay was caused by a prolonged political stalemate over the government reorganization bill.

Under the bill, which passed this afternoon following nearly two months of impasse, Hyun will also serve as vice prime minister in charge of the overall economic policies.

"The ministry will finalize the measures within this month," he said. "We will employ every possible policy tool and make an all-out effort to help our economy rebound as quickly as possible," Hyun said in his inauguration speech."

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