Seoul: Prime Minister Kim Min-seok and Bank of Korea (BOK) Gov. Rhee Chang-yong agreed Tuesday to closely communicate on issues related to the economy, including stabilizing the exchange rate and prices. The two met at Kim's office as concerns have been raised about the won's recent weakening and high consumer price levels, despite improvements in domestic demand and exports.

According to Yonhap News Agency, "The government will do its best to secure the momentum of economic recovery and extend it to the stabilization of people's livelihoods," Kim said, citing in particular the tasks of lowering food prices, reviving regional economies, and fostering artificial intelligence and other advanced technologies.

Kim also called for close communication and cooperation between the government and the BOK, emphasizing that their "cooperation is important for market stabilization, including in the exchange rate and prices."

Rhee agreed that the BOK will further strengthen communication and cooperation with the government while continuing to study structural reforms aimed not only at short-term economic stabilization but also at securing mid- to long-term growth potential.