A more constructive approach – favoured by Canada – is to renew the rules of the game so that country actions are both predictable and mutually consistent. Given the scale of transition under way, in our view, it makes sense to agree to the long-term objective and then implement short-term measures consistent with a transition to it.
And the Bank of Korea, as the central bank and national accounts institution, currently releases five major national accounts statistics including GDP. I believe that today's conference will provide us with an opportunity to re-examine national accounts statistics from the perspective of well-being measurement and facilitate exchanges among researchers. Furthermore, it will be a great help to improve Korean national accounts statistics.