President Yoon: "We Will Take All Measures on the Supply Side to Address Inflation" (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] President Yoon Suk-yeol mentioned on the 14th regarding preemptive measures on inflation, "We are trying to take all possible actions the government can take on the supply side."

On the same day, around 8:53 a.m., while heading to the Yongsan Presidential Office building, President Yoon was asked by reporters, "You mentioned preemptive measures on inflation. Are there any specific measures you are considering? How will you handle the electricity rate increase?" He responded, "Inflation factors are coming from the supply side," and made the remark.

At the weekly meeting held the previous day with Prime Minister Han Duck-soo at the Yongsan Presidential Office, President Yoon reviewed the recent economic situation and decided to promote multifaceted measures to stabilize prices in order to minimize the burden on the public.

During the Chief Secretary meeting presided over by the President, President Yoon listed that consumer prices rose by 8.6% in the United States, 9.2% in OECD countries, and 5.4% in Korea compared to the same period last year, stating, "When prices rise, real wages fall. I instructed to find ways to alleviate the difficulties of ordinary people through preemptive measures."

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