Bank of Korea says room for more demand management

The government needs to manage the nation's aggregate demand properly and improve its import-dependent industrial structure in order to keep the current account balance in the black, the Bank of Korea said yesterday.

In addition, urgent efforts should be made to strengthen Korea's export base and boost the competitive edge of its service industry, the central bank proposed in a report. The central bank warned if the current account balance turns into a deficit, the country may lapse into a

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