South Korea's inflation is expected to continue hovering around 2 percent for a while, the finance ministry said, reaffirming efforts to keep consumer prices at a stable level.
Inflation came to 2 percent in February thanks to a slowdown in price increases of petroleum and agricultural products, and is forecast to stay around that mark, First Vice Finance Minister Kim Beom-suk said.
Kim said the government will continue to put in all-out efforts to keep inflation at a stable level as uncertainties exist, including abnormal climate and volatility in global oil prices and domestic political issues.
The ministry also plans to devise measures later this month to revitalize the tourism industry.
The number of inbound travelers from Japan and China is growing at a slower-than-anticipated pace, the ministry said, noting it will come up with measures to improve convenience for foreign visitors and develop attractive tourism content.
The ministry will also announce a plan to develop artificial intelligence models and install infrastructure for the technology later this month as part of efforts to bolster the country's competitiveness in the field. (Yonhap)
herald@heraldcorp.com
