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South korea has $19 billion plan to boost the economy
The government's plans are intended to make more effective a sector that has suffered from poor investment and sclerotic restrictions. In particular the government will revise current laws in order to help expand markets and grow domestic enterprises, while also focusing on raising their global competitiveness by developing core technologies and achieving international standards.
South Korea's government announces a plan that will benefit over 17 industries that belong of three categories: high value services,green technologies and converged industries. The high value services is health care, education and tourism. The second, converges industries such as broadcasting and communications, food production and pharmaceuticals. Green technologies segment involves a plan to create a environment friendly cities. The first quarter of 2009 the Korean economy rose 0.1 percent and GDP growth was positive. As a result of government fiscal stimulus measures, which grew consumer's confidence and stimulated domestic demand.read source article