S.Korean finance minister warns of economic difficulties in 2023

SEOUL, Jan. 12 (Xinhua) -- South Korean finance minister on Thursday warned of economic difficulties this year due to the so-called three-high phenomenon, including high inflation, high interest rates and high debts.

"This year will likely be very challenging for the entire world as well as for (South) Korea as the effect of monetary tightening in major economies spreads in full swing amid the prolongation of hi