Why Did Bank of Korea Refrain From Cutting Interest Rates?

The transcript discusses potential interest rate cuts in the UK and the US urging reconsideration of travel to South Korea due to a virus outbreak. It examines the impact on South Korea's economy, highlighting reduced tourism and trade, and the decline in consumer and business confidence. The discussion also covers the potential effects on employment, particularly in the youth and manufacturing sectors, due to the ongoing outbreak.

Discuss the expected timeline for economic recovery in South Korea following the outbreak.

What challenges does South Korea face regarding youth unemployment in the current economic climate?