Park Seung
Park Seung
Park Seungwas the Governor of the Bank of Korea; his four-year term ended on the 31st of March 2006. He kept South Korean interest rates at historic lows but was blamed for contributing to a real-estate market that saw spiralling prices and controversial accusations of speculation...
balance based beginning cost generally growth monetary policy pressures prices second seeking side
Prices will be generally stable, but beginning in the second half, pressures from the cost side will expand. Monetary policy will be made based on seeking a balance between growth and stability.
current half months next price second six
We have to take into consideration the current price stability, but more so for the next six months and for the second half of next year.
compared rising won
The won is rising too rapidly, compared with other currencies.
began clearly exports last november perk since
Production, exports and consumption clearly began to perk up since November last year.
expected exports facilities investment looking production showing steady
Our economy, as we expected, is showing a steady recovery. Looking from the microeconomic side, exports are doing better than expected while production and consumption is good. Still, facilities investment and construction, we're unsure.
expected exports facilities investment looking production showing steady
Our economy, as we expected, is showing a steady recovery, ... Looking from the microeconomic side, exports are doing better than expected while production and consumption is good. Still, facilities investment and construction, we're unsure.
balance based growth monetary policy seeking
Monetary policy will be based on seeking a balance between growth and stability.
firm pressure price recovery taken
The recovery has taken a firm root, while demand-side price pressure is growing,
continuing current half next situation
We see the current situation continuing through the first half of next year.
discuss next raise seriously
We will discuss a raise seriously at next month's meeting,
domestic due economic high oil posting pressures recovery robust service
Domestic consumption is very robust and manufacturing and service outputs are posting faster-than-expected growth. There are latent inflationary pressures due to the economic recovery and persistently high oil prices.
balance change economic growth
The balance can change into 55-45 between economic growth and inflation, from 50-50,
bank based central change consider consumer economic finance gradual interest monetary needed perception point policy prices raise rates send share shock signal view
We have approached a point where we need to consider a gradual change in monetary policy. We share this view with the Finance Ministry. Monetary policy is based on economic growth, consumer prices and allocation of resources. The perception that the central bank would not raise interest rates had been prevalent, so I needed to send a signal not to shock the markets.
corporate course economic households phenomenon sector seen
The polarization between households and the corporate sector is a phenomenon seen in the course of the economic restructuring process.