Finance Minister Hong Nam-ki met with foreign investors in New York on Wednesday local time to show them the South Korean economy's strong resilience and present the government's future economic plans.
Hong said that Korean economy has strong resilience based on the three major shock buffers of strong relations with other countries, sound finances and a balanced industrial structure.
As countermeasures to possible economic threats, he said Korea is expanding its fiscal policy by increasing total spending by 9-point-3 percent in next year's budget plan.
He added that Korea will promote a manufacturing renaissance and development of the service industry, while making strategic investments in response to the fourth industrial revolution.