SEOUL, Dec 5 (Reuters) - A tentative drop in official foreign currency reserves is not a big problem but it is time for South Korea to spend some of the reserves on easing dollar-funding shortages, the country's vice finance minister said on Friday.
'I don't think the absolute amount of the foreign reserves is all that important. What's more important is to aggressively utilise the foreign reserves in tackling the crisis situation when necessary,' Vice Minister Kim Dong-soo said during a programme on the state-run radio.
(Reporting by Yoo Choonsik) Keywords: FINANCIAL/KOREA (choonsik.yoo@thomsonreuters.com; + 82 2 3704 5580; Reuters Messaging: choonsik.yoo.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'I don't think the absolute amount of the foreign reserves is all that important. What's more important is to aggressively utilise the foreign reserves in tackling the crisis situation when necessary,' Vice Minister Kim Dong-soo said during a programme on the state-run radio.
(Reporting by Yoo Choonsik) Keywords: FINANCIAL/KOREA (choonsik.yoo@thomsonreuters.com; + 82 2 3704 5580; Reuters Messaging: choonsik.yoo.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.