Vice Minister of Economy and Finance Ko Hyoung-kwon presided over the 5th Vice Ministerial Meeting on 'Growth through Innovation' held on August 10, and discussed how to develop the country's platform economy and government plans to support small merchants.
The Korean economy has been on a recovery path backed by strong exports. However, production and investment have been weak and external uncertainties are increasing amid the trade conflict between the US and China.
The Treasury bond (3-yr) yield, after having fluctuated within a narrow range on the effects of concerns related to the trade conflict between the US and China and changes in expectations for monetary policies in Korea and overseas, has since fallen slightly.
During June 2018, Narrow Money (M1, seasonally adjusted, period-average) increased by 0.2 percent compared to the previous month. Broad Money (M2, seasonally adjusted, period-average) grew by 0.5 percent.