Chief of Presidential Policy Office Kim Yong-beom Presents Countermeasures for High Interest Rates and Inflation, Diagnosing Korean Economy Amidst Structural Change

Kim Yong-beom, Chief of Presidential Policy Office, characterized the recent high interest rates, inflation, and exchange rates as burdens arising from structural changes in the Korean economy, emphasizing the need for proactive and strong responses across real estate, foreign exchange, interest rates, and prices. He diagnosed that despite these challenges, strong corporate earnings and exports suggest the Korean economy may be transitioning to a new phase different from its previous low-growth, low-inflation period, potentially achieving 10% nominal growth by 2026.

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