Economic recovery ‘lopsided’ amid weak domestic demand: finance minister | Yonhap News Agency

SEOUL, Feb. 2 (Yonhap) — The South Korean economy is showing signs of getting better but the recovery remains unequal among sectors and domestic demand is weak, Finance Minister Choi Sang-mok said Friday, vowing utmost efforts to curb inflation and support the public’s livelihoods. Choi made the remarks during an emergency economic ministers’ meeting meant to check the latest economic circumstances and seek responses. “We’ve seen a series of data indicating an economic recovery, such as rising manufacturing production and exports. But we’ve not yet felt such warmth as the situation is widely different and uneven among sectors,” Choi said, pointing to slowing private spending and weak investment. Choi also warned of the chance of inflation bouncing back to over…

Source: Yonhap News Agency
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