A man gets on a bicycle in front of the Bank of Korea in Seoul. The current account surplus in April stood at US$7.12bil, down 2.2% from a revised US$7.29bil in March, the Bank of Korea (BOK) says - Reuters Photo.
SEOUL: South Korea’s economy may not be strong enough for an immediate interest rate increase due to weak job growth and other uncertainties, minutes from the Bank of Korea’s (BoK) August meeting released yesterday showed four board members saying.
“There is growing concerns about real growth, broadly, as job growth is sluggish when capital investment and construction investment are undergoing corrections,” one of the central bank’s seven board members said on Aug 31.
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