Xinhua, Seoul :
South Korea planned to raise seven promising service industries, including health care and finance, as part of the efforts to boost growth potential of the economy, which is being feared to plunge into the low-growth trap, the Finance Ministry said Tuesday.
President Park Geun-hye chaired the meeting for promoting trade and investment, where some 180 businessmen, ministers and heads of related agencies participated, according to the Finance Ministry.
In the past 10 years, local companies rapidly increased overseas investment while reducing investment at home on the back of higher production costs and irrational regulations.
The government planned to create jobs and enhance productivity of the overall economy by helping boost major service industries, including healthcare, tourism, contents, education, finance, logistics and software.
