Deflation pressure is the biggest domestic risk facing South Korea's econom...
FILE PHOTO: A building which is currently under construction is seen above a fog during a rainy day in Seoul, South Korea, July 31, 2019. REUTERS/Kim Hong-Ji/File Photo
Shaun Roache, Asia Pacific chief economist at S&P Global Ratings, also said during an interview in Seoul that the rating agency would trim its forecasts on South Korea’s economic growth for this year and 2020 as soon as next week. “I think the main domestic risk to Korea is low inflation, and deflation,” Roache said. “I think it is a problem that the BOK is not meeting its own inflation target and has not met it for years.”
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