Mun, U-sik - In: Monetary policy implementation in East Asia, (pp. 31-42). 2020
The implementation of inflation targeting in Korea highlights the importance of distinguishing between its symmetric … and asymmetric operations. When Korea suffered from high inflation, the Bank of Korea set the inflation target at 3 …%, instead of 2%. Given its underlying intention to lower the inflation rate to below 3%, rather than to maintain it centred at …