He said South Korea has strong fundamentals to go through the possible crisis, citing that global rating agency Moody's held South Korea's sovereign credit steady at the second-highest level recently.

His comments came as some media reports cautioned that Asia's fourth-largest economy may fall into trouble in April.

Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, has 440 billion won ($383 million) in debt due in April, and there are concerns that the shipbuilder will hardly afford to pay the debt amid the dearth of new orders and a delay in the delivery of drill ships.

Also, the US government is expected to unveil a list of currency manipulators in April, which may include South Korea, along with China.

South Korea was put on a monitoring list by the US Treasury Department last year due to bilateral trade surplus with the United States.

The country posted $23.3 billion in a trade surplus with the US last year, accounting for 26 percent of the country's total trade surplus.

The top economic policymaker said he will seek closer policy coordination with the US government to iron out any misunderstandings on trade and economic policies. (Yonhap)