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Bank of Korea Governor: Investment in Real Estate, Stocks and Cryptocurrency Assets is Increasing

Amy Liu

Summary: According to Reuters, Bank of Korea Governor Lee Ju-yeol said that the Bank of Korea will continue to pay close attention to market instability factors, such as global inflation and expectations of changes in the monetary policy of major economies, and promise to take measures to stabilize the market when necessary.  He also said that ...

According to Reuters, Bank of Korea Governor Lee Ju-yeol said that the Bank of Korea will continue to pay close attention to market instability factors, such as global inflation and expectations of changes in the monetary policy of major economies, and promise to take measures to stabilize the market when necessary. 

He also said that growing household debt is another major challenge facing the bank, as not only increased investment in real estate and stocks, but also increased investment in cryptocurrency assets. He reiterated that the central bank will start a simulation test of the central bank digital currency (CBDC) in the second half of this year.

By Amy Liu

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