Bank of Korea Governor: Supports further appreciation of the won, will maintain restrictive monetary policy

ZHITONG FINANCE APP has learned that Bank of Korea Governor Shin Hyun-song said further appreciation of the won is desirable, as the won has risen sharply since the Bank of Korea shifted to a tightening monetary policy stance and is boosting household purchasing power. Speaking on Tuesday at the International Monetary Fund (IMF) and World Bank annual meetings in Bangkok, Shin Hyun-song said, "We will maintain a restrictive monetary policy stance until we are confident that inflation will converge to the target level in a timely manner."