President Park Geun-hye has instructed her officials to reinforce the financial capabilities of state-run banks for them to carry out corporate restructuring.

Park made the call during a Cabinet meeting Thursday as she told her officials to consider funding the restructuring campaign through what she called "selective quantitative easing(QE)."

While cautioning against massive QE measures adopted by advanced economies, she also stressed that current restructuring efforts should be led by companies and creditors in line with market principles.