Monthly Meeting to be Held to Screen the Economy

President Roh Moo-hyun presided over a meeting to check on the latest developments at Cheong Wa Dae on Monday afternoon with Lee Hun-jai, the deputy prime minister and concurrently the minister of Finance and Economy, and other ministers from various economic departments and examined the latest trend of the economy, conditions of the financial markets, and other related issues.

Ahead of this meeting, Deputy Prime Minister Lee met with a reporter and commented on the recent stock market slump, “The cause of the stock market crash is so complicated that we are still observing it,” and added, “As of now, we will not draw out any plans.”

In regards to reducing the voting rights of financial units affiliated to a conglomerate, Fair Trade Commission Chairman Kang Chul-kyu said, “We have decided to limit the voting rights gradually by consulting with each department.”

President Roh plans on holding a “screening meeting” every month to check on the economic conditions.

Jung-Hun Kim jnghn@donga.com