Korean economy in serious condition: BOK governor

Governor Park Seung of the Bank of Korea said on Thursday 29 may low growth and high unemployment pose a threat to the economy which has been heading toward a downturn since the third quarter of last year.

Source: Korea Times

Bank of Korea governor Park Seung said yesterday that the economy is now in a serious condition because of low growth and high unemployment.

In a speech at a breakfast meeting in Seoul hosted by the Korea Chamber of Commerce and Industry, Park said the economy has been head