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South Korea’s Yoon to Move ‘Preemptively’ to Counter Inflation

By Eunkyung Seo - 2011-02-08T23:24:21Z

South Korean finance minister Yoon Jeung Hyun said the government needs to act “preemptively” to curb inflation pressures as price gains can weaken the foundation of a stable economy. Yoon also asked for reviewing the pricing policies of oil and mobile phone service. Yoon made the comment at a ministerial meeting in Gwacheon, south of Seoul.

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Brett Miller at bmiller30@bloomberg.net

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