Jan 08, 2016 AM EST - Ma Elena Garcia

South Korea’s Incoming Finance Minister Yoo Il Ho Vows to Tackle the Economic Crisis Facing the Country

The economic pressures mounting on Seoul will come to an end as Yoo Il-ho, the South Korea’s incoming finance minister, has vowed to embark on structural reforms to reduce any risk of economic crisis. Il-ho made an announcement on Jan.4 that he would tackle the growing household debt in a preemptive manner.