The Bank of Korea has already made it public that, while firmly anchoring the basis for price stability, its monetary policy this year will seek to promote financial stability, support the recovery of economic growth, and strengthen support to vulnerable sectors.
If there is anything the COVID-19 pandemic has taught us here, it is that adoption of new technology is non-linear. When technology is already available, sometimes it takes only one event to cause a sudden and decisive shift in consumer preferences. This adds all the more urgency to the big questions already on the table before the pandemic.