[Editorial] Lesson in curbing inflation
Jan 5, 2012
President Lee Myung-bak has renewed efforts to curb inflation ― again resorting to a strong-arm approach. In the first Cabinet meeting of the year Tuesday, Lee instructed officials to introduce a system in which an official is appointed for each of the major daily goods to monitor and manage its prices. Under the system, a section chief of, for instance, the Ministry of Strategy and Finance would be made responsible for checking the price movements of, say, napa cabbage. If cabbage prices are fo