ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Yoon shows will to tighten South Korea's finances, stem inflation

Incoming finance and infrastructure ministers target consumer, home prices

South Korean President-elect Yoon Suk-yeol is set to tackle the country's rising consumer price index, which hit a 10-year high in March.   © Reuters

SEOUL -- President-elect Yoon Suk-yeol's picks for finance and infrastructure ministers make it clear he intends to tighten South Korea's purse strings and stem rising inflation and home prices.

Soaring property prices dogged incumbent President Moon Jae-in -- who steps aside for Yoon next month -- throughout his five-year term. The country's consumer price index hit a 10-year high in March on rising energy prices and supply chain disruptions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more