Korea's economic policy to focus on taming inflation, creating jobs: minister

來源: 開云體育app官方網站 時間: 2023-01-29 04:18:21

Finance Minister Choo Kyung-ho speaks during a meeting in Seoul in this photo released by the Ministry of Economy and Finance, Dec. 14. Yonhap

Korea's finance minister said Wednesday the government will put its priority on combating inflation and creating jobs, while taking preemptive measures to cope with economic risks next year.

"The Korean economy is facing challenging situations at home and abroad. Difficulties are likely to further escalate in the first half of 2023," Finance Minister Choo Kyung-ho said during a meeting with economy-related ministers.

"Inflation has passed its peak, and the upward pressure has eased, but it is likely to stay at a high plateau for the time being," Choo said. "The growth in the number of employed people is also expected to slow significantly due to a base effect."

Considering such challenges, Choo said the country will prioritize taking "preemptive and active" measures to cope with changing economic situations in 2023.