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Prime Minister Kim Min-seok speaks during a meeting with food start-up companies at the Korea Food Industry Cluster Promotion Agency’s Youth Food Start-up Center in Iksan, North Jeolla Province, on December 5. / Source: Yonhap News

Prime Minister Kim Min-seok met Bank of Korea Governor Lee Chang-yong on December 9, emphasizing the importance of close coordination between the government and the central bank to stabilize the foreign exchange market and ease inflation pressures.

During the meeting at the Government Complex Seoul, Kim said the government will “do its utmost to ease food-related price burdens, revitalize regional economies, and expand growth potential through AI-driven transformation and an ultra-innovation economy.”

Kim noted that economic uncertainty has been increasing at home and abroad, stressing that the government is committed to securing the momentum of economic recovery and ensuring that it translates into broader stability for people’s livelihoods. He also highlighted the need for steady cooperation with the Bank of Korea to support market stability, saying, “Let’s continue to communicate closely and work together.”

Governor Lee responded that the central bank will reinforce both short-term stabilization efforts and long-term structural reform research aimed at strengthening Korea’s growth potential. He added that the Bank of Korea will continue enhancing communication and cooperation with the government.