South Korea ’ s Vice Finance Minister Hur Kyung - wook said that it is better to implement exit strategies late rather than early . Hur said during his appearance on Seoul Traffic Broadcasting ( TBS ) , “ Exit strategies should be adopted when companies no longer sense the need for financial aids from the government , ” and underlined , “ If someone questions the best timing for the implementation of exit strategies , I would still say that it is better to come in late rather than early . ” The vice minister made it clear by saying that “ unless the international community agrees the economy has reached to the point where a sustainable recovery is possible , no exit strategies will be implemented . ” Hur ’ s remark on this day is seen to confirm the government ’ s stance to begin implementing exit strategies including liquidity absorption and benchmark rate hike only after making the judgment that private investment and domestic consumption have entered a stable recovery phase . In response to reasons behind a rapid recovery seen in the South Korean economy , Hur explained , “ The government made firm and prompt responses during the outbreak of the Lehman Brothers incident . The government declared a state of emergency and President Lee quickly presided over the meeting in the ‘ war - room ’ to prepare the countermeasures at that time . ” Regarding South Korea chosen as a next host of the G - 20 Summit , Hur commented , “ Hosting the G - 20 Summit is more like software , not hardware , and we must take this opportunity to upgrade our society and citizenship . It will become a critical juncture to refresh the country ’ s weak reputation seen from the under - evaluated Korean stocks or the ‘ Korea Discount ’ where the name of country downgrades products ’ reputation in overseas markets . ” [ translated by Ye - sol Yi , edited by JYJ ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]