Seung Park: The recent state of the Korean economy and the policy response Speech by Dr Seung Park, Governor of the Bank of Korea, at the Seoul Foreign Correspondent’s Club, Seoul, 16 December 2003.
For hourly scheduled cash earnings, Q1=March-May, Q2=June-August, Q3=September-November, and Q4=DecemberFebruary. Figures are for full-time and part-time employees before fiscal 1994 and for full-time employees thereafter. 2. The CPI figures are Bank staff estimates and exclude the effects of the decline in mobile phone charges, consumption tax hikes, free education policies, and travel subsidy programs.