S.Korean law makers push for central bank autonomy

Lawmakers in Korea aim to give the central bank more independence from the government. But the move could be opposed by the finance ministry which feels that policy cooperation is as important as independence.

Source: The Korea Times

A group of lawmakers are moving to give the central bank more independence from the government, but the Ministry of Finance and Economy (MOFE) is uneasy about the initiative, citing the possibility of unchecked monetary policy.

MOFE officials argue that policy coope