Korean finance minister criticises excessive risk-averse culture
Finance minister Choi Kyung-hwan
Seoul - Yonhap
Finance Minister Choi Kyung-hwan on Thursday criticized the financial sector for its excessive risk-averse culture, saying that such self-protection may be dragging down the overall financial community.
"It is quite worrisome that the whole financial industry is shrinking with signs of money flows being almost clogged," Choi told financial industry leaders in Seoul.
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