The Bank of Korea is ready to face any unfavorable outcome following the policy tightening in the U.S. at a faster rate, according to the chief of South Korea’s central bank, Lee Ju-yeol. If the Fed acted earlier than expected, it will have an effect on the global financial market, as well as local market. Hence, they prepared beforehand in possible scenarios, as told by Lee Ju-yeol to reporters in Zurich. He also said that the central anticipated the U.S. Federal Reserve to increase their rate thrice in 2018. Another factor that will be faced by Korea is the protectionist moves of the U.S. against South Korea, he added.
