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South Korea President Lee Warns of Rate Hike

South Korean President Lee Jae Myung stated that an interest rate rise is unavoidable to support the economy. He acknowledged risks to growth potential while urging parliament to review the upcoming budget proposal.

FILE PHOTO: South Korean President Lee Jae Myung speaks during a ceremony to celebrate the 81st anniversary of the Korean Liberation Day in Seoul, South Korea, Saturday, Aug. 15, 2026.

South Korea President Lee Jae Myung said Tuesday morning that an interest rate rise is unavoidable, risking growth potential as borrowing costs hit vulnerable groups.
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