Dear friends and colleagues, The Bank of Korea, as an institution with its hands on one major lever of national economic policy, must strengthen still further its overall capacity, so that it can better carry out its leading role in helping the nation respond proactively to new trends in the world economy.
Despite the brisk GDP growth numbers many advanced countries are still well below their pre-recession production levels. Looking forward, they are struggling with population ageing, structural problems, and the accumulation of public debt. All this is clearly visible in the public finances.