Anchor: The government has decided to inject more than 20 trillion won, or around 17 billion U.S. dollars, into the economy in the second half of the year. The president and economy-related ministers made the decision in a bid to make sure that South Korea won't suffer from the impact of Brexit. 
Our Bae Joo-yon has more.
 
Report: The government will inject more than 20 trillion won, or around 17 billion U.S. dollars, to resuscitate the economy in the second half of the year.
 
President Park Geun-hye and economy-related ministers reached the decision at a meeting Tuesday while setting policy directions for the second half.

Including a supplementary budget of some ten trillion won, the government will provide another ten trillion in public corporations' investment and policy loans.

Details of the supplementary budget, which the government says will be spent on improving the job market, will be finalized via consultations between the government and the ruling camp.

Until the end of 2016, the government will also cut individual consumption tax by up to one million won for those who scrap their old diesel cars and buy new vehicles. Buyers of energy-efficient TVs and refrigerators will enjoy a ten percent discount.

The move comes as the government marked down this year’s economic growth outlook from three-point-one percent to two-point-eight percent. The government is hoping that the latest decision will pull up the economic growth rate between a quarter and three-tenths of a percentage point.
 
In the second half, the government plans to actively respond to economic and employment risks with expansive macroeconomic policies. It will also fundamentally boost the ability to create jobs by pushing forward structural reforms.
 
In a bid to secure growth engines, the government will also select eleven new industries and technologies, including future-generation vehicles and electronic intelligence devices, bio-health, robots and aerospace. The selected industries and technologies will enjoy up to 30 percent in research and development tax credits and up to ten percent in tax credit in the event of investing in equipment.
Bae Joo-yon, KBS World Radio News.