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Min Kyung-wook, spokesman of the presidential office, told reporters Wednesday that Park will hold a meeting on Friday to come up with measures to boost the weakening private consumption.


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Hyun said Tuesday that last month's ferry sinking accident has had a more or less negative influence on consumption and service industry activity.


Retail sales, usage of cultural facilities and tourism have shown sluggishness since the passenger ferry Sewol capsized and sank off the country's southwestern coast on April 16, Hyun said.


A paroxysm of grief swept all over the country as two thirds of the 476 passengers aboard the ill-fated ship were high school students.


Memorial altars were set up nationwide to mourn the victims. Cheering at baseball stadiums has been prevented, and schools canceled class trips. Celebration ceremony for the Buddha's May 6 birthday was held to mourn the victims.


As of Wednesday Wholelsale Kids New Balance Shoes , 269 people have been confirmed dead, with 33 others still missing. No survivor has been reported since 174 people were rescued from the ship and sea on April 16.

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SEOUL, Aug. 15 (Xinhua) -- South Korean President Moon Jae-in on Tuesday stressed the importance of peace on the Korean Peninsula on the 72nd anniversary of the peninsula's liberation from the Japanese colonial rule.


Moon said in a speech that the divided peninsula was the evil-starred legacy of the colonial era, emphasizing that peace is the calling of the age for the peninsula.


Overcoming the division through the peace establishment Cheap New Balance Shoes China , Moon said, would become a real way of completing the liberation.


Moon said peace is the peninsula's strategy for survival as security, economic growth and prosperity would not be ensured without peace, noting that peace on the peninsula would lead to peace in Northeast Asia and the world.


Describing the Democratic People's Republic of Korea's nuclear and missile programs as the biggest challenge Cheap Kids New Balance Shoes , Moon said South Korea should play a leading role in the peninsula issue.


Moon, who took office in early May, held a summit meeting with U.S. President Donald Trump in late June, reaching an agreement that South Korea would become a dominant player in addressing the peninsula issue.