BOK chief concerned over oil prices

Bank of Korea Governor Park Seung said on Saturday 15 May that high oil prices were the main source of economic concern for Korea at the moment.

Speaking to reporters on the Cheju (Jeju) island, where he is attending the 37th annual meeting of the Asian Development Bank. the governor said that if high fuel prices continue, changes to growth figures were inevitable.

He added that the likelihood of interest rate hikes by the United States and the so-called China shock were relatively minor

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