TS Kwon is in a good mood. Asked whether he feels the Korean economy has bottomed out, he replies Yes, definitely. The most striking news is that the Federation of Korean Industries, the Korean Chamber and the Statistics Office all came out with a business survey index that showed a sharp upturn in confidence among businessmen and consumers. About 80% think our economy will pick up this year. The retail sales figures showed an upturn from December.
Kwon, who is Secretary to the President for Economic Policy, adds that the government now has better data for measuring the turnaround. In January we developed a system that allows us to see -...
