Finance minister, BOK chief stress coordination to address uncertainties
Korea's finance minister met with the central bank governor Monday to discuss ways to strengthen coordination to address economic uncertainties, the finance ministry said. Finance Minister Lee Hyoung-il, who took office last week, held talks with Bank of Korea (BOK) Gov. Shin Hyun-song during his first visit to the central bank since taking office, according to the Ministry of Finance and…
On Monday, Korea's Finance Minister Lee Hyoung-il met with Bank of Korea Governor Shin Hyun-song to discuss strengthening coordination and addressing economic uncertainties, according to the Finance Ministry. During his first visit to the central bank since assuming office last week, Finance Minister Lee held talks with Governor Shin.
The two policymakers expressed a shared view that Korea's economic growth is gaining momentum, driven by robust export and investment indicators amid the semiconductor supercycle. However, they also noted persistent pressures on people's livelihoods amidst heightened external uncertainties, such as interest rate hikes in major economies and geopolitical risks.
Lee and Shin emphasized that financial, foreign exchange, and property markets are becoming increasingly interconnected, underscoring the need for closer cooperation between their institutions to preemptively address economic risks. As a result, Finance Minister Lee called for greater communication between the Finance Ministry and the Bank of Korea to pursue their joint efforts in mitigating economic uncertainties.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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