(Fiscal policy) The government, for its part, operated fiscal policy boldly in order to counter the downturn in activity. Over the course of 2009, a total of 38.8 trillion won directly or indirectly linked to the financial crisis was additionally injected through the disbursement of fiscal funds and tax reductions.
For example, to avoid the contraction of private consumption becoming protracted, car sales tax was temporarily reduced. The total scale of the stimulation package, amounting to 3.7% of nominal GDP, was larger than that in the USA, the UK and other advanced countries. 3.