The announcement said: "The participants engaged in a wide-ranging exchange of views concerning recent economic movements, the future outlook and major current issues.
"It was pointed out that while growth rate of exports (nominal-amount basis) had been weak, influenced by the fall in oil prices, the structural changes now seen to be taking place, including the reduced sensitivity of exports to world trade, called for a close examination.
"There was a view that the recent sluggishness of consumption was also largely attributable to structural factors, including demographic ageing and contraction in consumption sentiment, and that close attention should be paid to such micro perspectives while conducting monetary policy.
"There was an opinion that although the employment situation had been favorable since last year, this was largely ascribable to supply-side factors, such as the government' s job creation drive rather than demand-side factors, while qualitative improvement was still insufficient."
The participants included Kim Keuk-soo, president of the Institute for International Trade; Song E-young, professor of Sogang University; Shin Sung-hwan, president of the Korea Institute of Finance; Oak Dong-suk, president of the Korea Institute of Public Finance; Yoo Gyeong-joon, chief economist at the Korea Development Institute (KDI), a state-run think tank; and Lee Doo-won, professor of Yonsei University.
reporter
Park Sae-jin
swatchsjp@ajunews.com
![[Weekly Stock Market] Investors to focus on BOKs interest rate decision](https://image.ajunews.com/content/image/2023/02/19/20230219023158359153.jpg)