Finance Minister Yoo Il-ho says that the nation needs to use fiscal and monetary policies together to secure funds for corporate restructuring.
 
Appearing on a KBS program on Sunday, the minister reaffirmed the need for “policy mix” of fiscal and monetary policies.
 
Yoo said that the nation could secure restructuring funds through bond purchases or direct capital injection by using the central bank’s money-issuing authority. He said that the government is mulling a possible mix of fiscal and monetary policies.
 
The central bank and the government have shown differences on quantitative easing and the possible role of the bank in the process after President Park Geun-hye called for Korean-style quantitative easing to secure funds needed to push for corporate restructuring.