Menu Content
Go Top


BOK Chief: Pandemic Could Have Long-term Impact on S. Korean Economy

Written: 2021-03-17 15:07:00Updated: 2021-03-17 15:27:22

BOK Chief: Pandemic Could Have Long-term Impact on S. Korean Economy

Photo : YONHAP News

Bank of Korea(BOK) Governor Lee Ju-yeol says the COVID-19 pandemic could leave long-term effects on the Korean economy, placing considerable burden on management even after the crisis is over.

The central bank chief made the comment on Wednesday in a video message for a domestic policy forum held to discuss the economic impact of quarantine measures and the vaccine roll-out.

Lee said the most important tasks for the South Korean economy moving forward are risk management, leading a solid recovery and preparing for post-COVID-19-era changes.

According to the governor, economic vulnerabilities have been exposed through the crisis. He cited increased financial risks, social inequality and passive corporate investment as potential risk factors.

Lee also called attention to changes in the global environment such as growing inflation concerns fanned by U.S. stimulus measures.

He urged continued monitoring against volatility and seeking market stabilization measures.

Editor's Pick


This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >