Korea’s sovereign credit rating was upgraded by global credit rating agencies during the financial crisis, a unique case in the world, and your contributions in achieving these accomplishments during the last four years should be highly appreciated. The title of my farewell lecture is a “World Leading Global BOK”. One cannot pause even for a moment to achieve this high goal.
Also, given that the driving force of current economic growth has been the corporate sector, especially globally active firms, and that the positive influence of the strength in the corporate sector has been relatively slow in feeding through into the household sector, supply and demand conditions for consumer goods and services are likely to improve more slowly than overall supply and demand conditions.