Yoo Il-ho: Rising above scandal to restore growth

His boss has been ousted and new elections are imminent, but the political drama in Korea shouldn't detract from its finance minister's achievements in his year in office.

When incumbent finance minister Yoo Il-ho took office in January 2016, the South Korean economy was not in rude health.  

Yoo was tasked with accelerating growth in Asia’s fourth-largest economy, which slowed to 2.6% in 2015 the slowest growth in three years. Perhaps his most important task was attempting to stem the sharp decline in exports, which had fallen for 12 consecutive months before Yoo took the job. 

South Korea was far from immune to the uncertainties facing the global economy last year. The election of US President Donald Trump and the never-ending debate about what he means for Asia could be critical to...

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