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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Opinion

Columnists

15. Park Chong-hoon

Explaining Korea's policy mix

“Fiscal and monetary policies should complement each other, depending on the economic situation.”

2021-07-19 16:26

Get ready for interest rate hikes

Over the past week, Korea reported 577 daily confirmed COVID-19 cases on average. The number of cases has not been declining, contrary to expectations that the vaccine rollout would reduce the domestic caseload. While vaccination delays and rising infections are fueling concerns about the Korean economy, we still expect solid economic growth this year. Along with this growth, we forecast that inflation will rise. Rising inflation is likely to prompt the Bank of Korea (BOK) to raise interest rates early next year, after having lowered them during the pandemic.

2021-05-16 17:17

Korean won likely to stay strong

The Korean won has depreciated about 4.9 percent against the U.S. dollar so far this year. The drop has been faster than expected, but despite this weakness, we remain bullish on the won in the long run, as we believe fundamentals favor the currency.

2021-03-14 17:01

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