Bank of Korea (BOK) Gov. Kim Choong-soo said in a monthly meeting with experts that currently, the real economy and the financial system are closely intertwined and affect each other.
The governor said that the recovery of the U.S. economy may be slower than expected as its real economy has yet to show meaningful recovery.
His remarks came as the outlook for the global economy is growing dimmer, hit by a sputtering recovery of the U.S. economy and the eurozone debt crisis.
Source: Yonhap News (Sept. 20, 2011)