Deputy Prime Minister of Economy and Minister of Strategy and Finance Chu Kyung-ho said, ``The Korean economy is expected to improve in the second half of the year, and the trend of austerity will continue.''

Choo Kyung-ho, Deputy Prime Minister of Economy and Minister of Strategy and Finance, said on the 5th that the government will develop policies with an emphasis on stabilizing prices and improving economic fundamentals even in a severe economic environment.