President Yoon Suk-yeol on Monday admitted that there are few fundamental solutions to the current economic challenges as countries across the world are raising interest rates to rein in rising inflation.
Pressure is building up everywhere, due to higher demand, supply chain disruptions, rising energy and commodity prices, and the protracted Russia-Ukraine war. South Korea is not immune to such powerful external headwinds.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you