[Breaking] Lee Ju-yeol "This is a crucial time, working more closely with the Financial Services Commission Chairman"

Lee Ju-yeol, Governor of the Bank of Korea, is seeing off Go Seung-beom, Chairman of the Financial Services Commission, after their first meeting at the Bank of Korea headquarters in Jung-gu, Seoul, on the 3rd.

[Asia Economy Reporter Eunbyeol Kim] On the 3rd, Lee Ju-yeol, Governor of the Bank of Korea, after his first meeting with Ko Seung-beom, Chairman of the Financial Services Commission, stated, "This is an important time," and added, "We agreed to meet frequently and work closely together moving forward."

The Bank of Korea raised the base interest rate from 0.50% to 0.75% last month, with additional hikes expected within the year, while household debt has increased to 1,800 trillion won. Given the sensitive timing, the central bank head intends to meet closely with financial authorities to discuss economic and financial conditions.

Governor Lee said, "We talked extensively about the current economic and financial situation, household debt issues, and the importance of financial stability. It was a productive and valuable time," and added, "Since Chairman Ko and I have worked together at the Bank of Korea for over five years, we pledged several times to communicate and meet regularly without being bound by formalities or protocols."

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