{"id":119732,"date":"2026-05-25T13:15:46","date_gmt":"2026-05-25T13:15:46","guid":{"rendered":"https:\/\/sotnews.agency\/?p=119732"},"modified":"2026-05-25T13:15:46","modified_gmt":"2026-05-25T13:15:46","slug":"policy-chief-says-high-rates-prices-exchange-rate-are-cost-of-success-in-economic-leap-forward","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=119732","title":{"rendered":"Policy chief says high rates, prices, exchange rate are \u2018cost of success\u2019 in economic leap forward"},"content":{"rendered":"
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The presidential policy adviser assessed that the Korean economy is taking a leap forward, brushing aside concerns over the triple burden of costly borrowing rates, high prices and a weak Korean won, calling them instead the \u201ccost of success.\u201d In a Facebook post titled \u201cThe cost of success,\u201d Saturday, Kim Yong-beom, presidential chief of staff for policy, said these three factors are not \u201ca precursor to crisis, but friction emerging as the Korean economy enters a new phase.\u201d \u201cWhile corporate performance is at an all-time high, interest rates and the exchange rate are rising, and housing prices are starting to heat up again, with markets and the media raising concerns about a crisis,\u201d he said. \u201cThe problem lies not in the economy itself, but in the framework through which it is perceived,\u201d he added. Kim\u2019s post came as the lower bound of fixed mortgage rates at major commercial banks bounced back above 5 percent, while the benchmark interest rate remains unchanged at 2.5 percent since May last year. The Korean won is weakening against the U.S. dollar, with the exchange<\/div>\n
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The presidential policy adviser assessed that the Korean economy is taking a leap forward, brushing aside concerns over the triple burden of costly borrowing rates, high prices and a weak… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-119732","post","type-post","status-publish","format-standard","hentry","category-sports"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/119732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119732"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/119732\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}