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South Korea’s inflation seems to be stabilizing and the nation can achieve this year’s inflation target, Finance Minister Bahk Jae-wan said at a forum in Seoul on Wednesday.
The ministry in December projected a 3.2 percent consumer price gain for 2012.
He also said the South Korean economy is facing downside risks because of high oil prices.
The global economy is showing signs of improvement and South Korea’s economy will likely start to rebound in the second quarter after hitting a bottom in the first quarter, Bahk said at a forum in Seoul. (Bloomberg)
The ministry in December projected a 3.2 percent consumer price gain for 2012.
He also said the South Korean economy is facing downside risks because of high oil prices.
The global economy is showing signs of improvement and South Korea’s economy will likely start to rebound in the second quarter after hitting a bottom in the first quarter, Bahk said at a forum in Seoul. (Bloomberg)
