The government and Bank of Korea(BOK) have begun to make one voice on the issue of expanding state-run banks’ capital to fund corporate restructuring.
 
First Vice Finance Minister Choi Sang-mok said Monday in a meeting with reporters that the government and the central bank share the view that they will actively play the necessary roles required for swift restructuring.
 
The BOK said in a press release that its governor, Lee Ju-yeol, stressed during a meeting of the bank’s senior officials earlier in the day that corporate restructuring is a key task for South Korea’s economy and vowed to actively do what is necessary in the process of pursuing it.
 
Lee ordered the meeting’s participants to thoroughly review once again ways for the bank to play its role as discussions on corporate restructuring are actively taking place. 
 
The Finance Ministry and the central bank reportedly consulted on the wording of the press release before it was announced on Monday.