Duck-soo urges BoK caution

South Korea's finance minister, Han Duck-soo, said on Tuesday 15 November that the Bank of Korea should be "more cautious" in raising interest rates.

"Any decisions for rate hikes are completely up to the central bank, but there are no countries that move to curb an increase of asset prices (stocks and real estates) through rate policy," Duck-soo said.

While leaving rates unchanged at 3.5 percent last week, Bank of Korea Governor, Park Seung, suggested that the central bank would have to raise

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