BOK governor says boosting manufacturing sector competitiveness is key

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Published on 19 Feb 2019, 2:13
한은 총재 "제조업 경쟁력은 우리 경제 생존 문제"

Boosting manufacturing sector competitiveness is key to the survival of South Korea's economy.
That's what Bank of Korea Governor Lee Ju-yeol said Tuesday at a meeting with representatives of Korea's semiconductor, steel, auto, petrochemical, machinery and display sectors.
These six sectors accounted for three quarters of the country's total exports in 2018, topping 445 billion U.S. dollars.
Amid growing trade protectionism and weakening boundaries between manufacturing and services... Lee said coming up with new measures like Germany and the U.S have done... to boost competitiveness is more important than ever.

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