"This meeting is to share our views on the economic environment and policies and risk factors and seek ways to enhance policy coordination between fiscal and monetary authorities," Kim said.

Thursday's Lee-Kim meeting was their fourth round of such policy talks since Kim's inauguration in June of last year.

Earlier, the finance ministry said Asia's fourth-largest economy is expected to grow by 3 percent this year, following last year's estimated 3.2 percent expansion. The ministry also vowed to implement economic policy aimed at boosting job creation and innovative growth, which will improve quality of life.

Backed by solid economic growth and a rise in incomes, South Korea's per capita gross domestic product (GDP) is widely forecast to surpass the landmark $30,000 threshold in the coming months.

The two policymakers said they will take a firm stance against any excessive fluctuation in foreign exchange rates.

The Korean won has been appreciating for months amid the global trend of the weakening US greenback. The local currency soared to a three-year high of 1,061.2 won against the US dollar on the first trading day of the year, compared with 1,149.1 won to the greenback in late September.

"The BOK and the finance ministry adhere to the same principle on foreign currency policies," BOK Gov. Lee told reporters after the meeting. "The FX rates are determined by the market, but we will come up with strong measures against any overshooting." (Yonhap)