Top bet for Korean Finance Minister could enact more economic stimulus

Consumption and infrastructure spending seen as priorities.

According to BBVA, local media reports indicate that Korea’s new President Park Geun-hye will name Hyun Oh Seok as Finance Minister, which the research firm believes is "a move that may result in additional fiscal stimulus measures."

BBVA commented that the new measures will likely to focus on stimulating consumption and infrastructure spending. Given this expectation, BBVA pegs the Korean economy to grow by 2.7% this year, compared to 2.0% in 2012.

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