Kim Choong Soo, the governor of the Bank of Korea urged major central banks to cut the excess of liquidity in financial markets by planning an orderly withdrawal, noticing that further easing in monetary may affect negatively on emerging economies and global economic recovery.

Moreover, the governor also noted that extra loosening in liquidity could harm the nation's economy and financial markets, where the less liquidity is highly correlated with higher inflationary as a result of the unbalance between demand and supply.

Monetary easing by the U.S. Federal Reserve and the European central bank is highly correlated with flow of capitals and the high volatility in exchange rate for emerging economies, where the governor said that he is seeking to turn from advances economies pose risks to investment and growth for nations including South Korea.