'Give Prompt Aid to Financial Sector': Lee Hoi-Chang
"If banks and investment trust companies will inevitably require public capital, it would be better to commit to it as soon as possible," said Lee Hoi-chang, the president of GNP (Grand National Party) on May 4."Opposition parties will not object to the government's intervention as long as it has been demonstrated as necessary," he added, at a press conference held at the Press Center.
"However," he said, "we will demand an explanation at the National Assembly on the purpose and sum of additional public capital. The government must explain the reasons additional input is required after 85 trillion won ($76.6 billion) of public capital has already been injected over the last two years."
by Lee Soo-ho
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)