2. Various of South Korean President Park Geun-hye
3. SOUNDBITE(Korean) Park Geun-hye, South Korean President:
"The unrest in the global financial markets can have a negative impact on us at any time through such ways as the outflow of foreign funds. We must respond with alertness."
4. Park speaking
5. Various of officials at meeting
6. Park speaking
7. SOUNDBITE(Korean) Park Geun-hye, South Korean President:
"As external uncertainty has increased due to Brexit, we ought to step up risk management for weaknesses in our economy. We will need to preemptively manage the (economic) health index, including foreign currency liquidity, and strengthen our defensive power against crisis, and as Brexit may ignite enormous change in the future, we need to see mid to long-term economic flow and review our economic strategies."
8. Wide of meeting
9. South Korean Finance Minister Yoo Il-ho entering briefing
10. SOUNDBITE(Korean) Yoo Il-ho, South Korean Finance Minister:
"In order to deter the shrinking of the job market due to restructuring and worsened external conditions and to minimise the difficulties of the public economy, we will carry out financial supplements of more than 20 trillion won (17 billion US dollars), including a revised supplementary budget for approximately 10 trillion won (8.5 billion US dollars). (We will) Use surplus of tax revenues, which is expected to be additionally collected by the end of this year, as the financial resource for the supplement budget so that fiscal deficit does not increase, and we will use part (of the tax revenue surplus) for redemption of national bonds to enhance financial health. Also we will beef up our efforts to improve domestic spending in response to Brexit and other worsening (economic) conditions overseas."