Park Seung Quotations

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.

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

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 polarization between households and the corporate sector is a phenomenon seen in the course of the economic restructuring process.

We will discuss a raise seriously at next month's meeting,

We see the current situation continuing through the first half of next year.

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

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

Prices will be generally stable, but beginning in the second half, pressures from the cost side will expand. Monetary policy will be made based on seeking a balance between growth and stability.

Production, exports and consumption clearly began to perk up since November last year.

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.

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

Domestic consumption is very robust and manufacturing and service outputs are posting faster-than-expected growth. There are latent inflationary pressures due to the economic recovery and persistently high oil prices.

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

The economy is showing clear signs of recovery, in terms of production, exports and consumption.

The economy is on a downward trend overall as consumption, investment and construction all remain in a slump, while exports are showing slowing growth,

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