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.