"QE Tapering a Matter of Time"...BOK Governor

SEOUL, KOREA- Bank of Korea governor Kim Choong-soo reiterated his conviction that the tapering of quantitative easing by the U.S. monetary authorities is just a matter of time. Governor Kim said this on September 25 in a forum with private-sector economists discussing current economic conditions. "Although the U.S. Federal Open Market Committee made a decision last week quite different from what many experts had expected, this I believe is a matter of time, not the policy makers' definite policy direction," he said.

"Maybe the central bankers were pressured by the time schedule of having to end the federal government debt ceiling negotiations by the end of October," he added.

In the forum held at the Bank of Korea's main office, participants include Nam In-seok, vice chairman of the Korea Electronics Association, Shin Gwan-ho, economics professor at Korea University, Lee Sang-seung, economics professor at Seoul National University, Lee Seung-cheol, vice chairman of the Federation of Korean Industries, Lee Il-hyung, president of the Korea Institute for International Economic Policy, and Cho Kyung-yeop, president of KB Financial Group Institute of Management.

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