Korea's c bank union criticises commerce minister
South Korea's Commerce Minister Shin Kook-hwan said last week it was not the time for interest rate adjustments because of faltering exports.
"His irresponsible comments are disrupting financial markets," union leader Byun Sung-shik said in a statement.
"We're concerned that his repeated comments about interest rates are undermining government credibility on policies as well as causing anxiety in financial markets," Byun said.
The central Bank of Korea has kept borrowing costs steady since October with its key interest rate target at four percent.
South Korea's economy is expected to grow four percent this year after a three percent rise in 2001, on the back of an expected rebound in exports and resilient local demand.
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