However, the economy still faces uncertainties from protectionist moves led by the United States as well as geopolitical risks stemming from North Korea, Finance Minister Yoo Il-ho said in opening remarks at a meeting in Seoul.
"It's still early to say the economy, global and local, has emerged from long-term sluggishness and entered an expansionary positive cycle," said Yoo. (Reporting by Christine Kim; Editing by Sam Holmes)