Goldman Sachs' Kwon on BOK Policy Outlook

The transcript discusses the Bank of Korea's approach to monetary policy, emphasizing a gradual normalization of interest rates despite global inflationary pressures. It highlights the resilience of Korea's labor market and the challenges posed by global economic factors, such as export demand and inflation. The discussion also covers the divergent monetary policies of major economies and Korea's fiscal policy transition. The Bank of Korea's recent rate hike decision is analyzed, considering its implications for inflation and economic growth.

What are the implications of the global economic environment on Korea's inflation?

How do domestic and global factors interact to influence inflation in Korea?

What is the expected trend for core inflation in Korea?

What role does fiscal spending play in supporting the labor market in Korea?