경제소식 (Economic News)

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작성자 까마 (121.♡.87.206) 댓글 0건 조회 6회 작성일 21-10-14 12:49

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[KOREAN ECONOMIC NEWS] Good morning everyone I am  Rumi Dhar from Kama Group.
Here I have important KOREAN economic news to share with you which is as mentioned
below.  

South Korea will take steps to stabilize the local foreign exchange market if it is considered to
be volatile.

This is according to Finance Minister Hong Nam-ki while speaking to reporters after attending
a meeting with G20 finance ministers and central bank governors in Washington on Wednesday.

Hong noted that recent fluctuations in the local foreign exchange market were driven by
several factors such as the strengthening of the U.S. dollar amid global uncertainties and a
surge in domestic investments in overseas stock markets.
He added that it's "very undesirable" for the exchange rate to fluctuate due to speculative
factors.

The finance minister said the government is closely monitoring the situation and will
implement measures if needed.

Addressing concerns over inflation, the minister also vowed to keep tabs on rising consumer
prices.
Hong reiterated that the country's inflation is expected to reach 2 percent this year, slightly
higher than its initial 1.8 percent target.

However, this could be difficult as consumer prices have seen on-year rises of more than two
percent for six straight months.

Just last month, South Korea's consumer prices were up two.five percent compared to a year
earlier.




Read more at: https://www.arirang.com/News/News_View.asp?nseq=285368

Kama Group
New Delhi
Have a nice day   

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