Bank of Korea Governor Advocates Risk-Sharing Policy
Bank of Korea Governor Rhee Chang-yong on Thursday urged Asian countries to reduce reliance on government-led industrial growth and adopt risk-sharing with private financial institutions during his keynote at the IMF's Asia in 2050 Conference in Bangkok. He called for diversifying industrial policy beyond manufacturing, promoting indirect on-lending support, investing in strategic industries like AI, and pursuing structural reforms to address aging populations and supply-chain fragmentation.
Scoring Rationale
Official, actionable policy guidance merits attention; limited by regional focus and modest novelty in recommendations.
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