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The challenges of Korean economy after COVID-19 - growth and stability

· Chang Yong Rhee, Governor of the Bank of Korea (South Korea)

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics, growth, investment and productivity, labour markets and jobs

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· Chang Yong Rhee Wiki · Bank of Korea WikiThe challenges of Korean economy after COVID-19 - growth and stability

ContextOpening address by Chang Yong Rhee, Governor of the Bank of Korea, at the Bank of Korea - Korean Economic Association International Conference 2022, Seoul, 11 November 2022.

Why it mattersRhee discusses how fragmentation weakens Korea's trade-led growth.

Problems raised
  1. Korea faces post-COVID challenges.
  2. Fragmentation weakens trade and growth.
  3. Balancing growth and stability is hard.
Solutions proposed
  1. Promote global collaboration.
  2. Encourage cooperative competition.
  3. Pursue growth with stability.
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