· Chang Yong Rhee Wiki · Bank of Korea WikiSpeech - 75th Anniversary of the Bank of Korea
Read full speech on bis.org ↗ContextCommemorative speech in Seoul for the 75th anniversary of the Bank of Korea; the central bank keeps prices and finance stable and faces an ageing population and high household debt.
Why it mattersKorea's governor uses the bank's 75th anniversary to urge structural reforms blocked by social conflict.
Problems raised
- Korea's structural problems persist.
- Social conflicts block reform.
- Trade conflicts create pressure.
Solutions proposed
- Propose structural solutions.
- Have the new government prioritise reforms.
- Turn the crisis into an opportunity.