Park Seung Quotations

South Korea has entered a normal recovery track, where economic growth, consumer prices and exports are in better shape.

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.

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.

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.

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.

The recovery has taken a firm root, while demand-side price pressure is growing,

The current level of reserves is not worrisome. But we don't need to build up more.

The balance can change into 55-45 between economic growth and inflation, from 50-50,

The won is rising too rapidly, compared with other currencies.

Monetary policy will be based on seeking a balance between growth and stability.