Low inflation runs the risk of stifling the South Korean economy and requires immediate attention, said Bank of Korea Governor Kim Choong-soo. Inflation well below the target of 2.5% to 3.5% "has not come up to the expected level and this is also the case in the United States and Europe. If you look at it closely, it is also because the global economy is failing to grow sufficiently," Kim said during a meeting with economists.

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